In the classic fable, the boy who cried wolf learns the hard way that lying destroys trust. In some versions, the wolf ends up enjoying a two-course meal, first the sheep, then the boy. Markets had their own “wolf moment” when Trump’s tariff threats sparked a mini-panic, sending stocks scattering like startled sheep. However, after…
You are fired?
Stocks rallied on news that President Trump would not be firing Federal Reserve Chairman Jerome Powell, news that came right after reports that he was seriously considering it. In typical market fashion, a negative was turned into a positive simply by walking it back, which is to say we ended up right where we started,…
Catching the crypto bus
Bitcoin is once again stealing the spotlight, smashing through fresh all-time highs this week and cruising past the USD120,000 mark, doubling in value since July 2024. It did take a quick nap overnight (classic bitcoin, never a dull moment) but sentiment remains strong heading into what could be a pivotal week for crypto. Every bitcoin…
No likes, no filters, just work that matters
I have never had an Instagram account. Even the Facebook profile I recently deleted was created a couple of years ago for a club registration I barely remember. TikTok? That was never part of my world. Unlike many in today’s hyper-edited world, I have never felt the urge to tweak my appearance with filters, apps,…
Survey Monday
Private equity has long been marketed as a source of uncorrelated returns, access to exclusive deals, and a powerful tool for portfolio diversification. With rising interest from retail and institutional investors alike, one question is becoming increasingly important: Is private equity still delivering on its promise, or has the buzz outpaced the fundamentals? I would…