To Survive China’s Market Crackdown: Pick Your Sectors Wisely

There has been an almost perfect storm in recent weeks in terms of Chinese regulatory initiatives against private sector companies and related equity market col... Read More»

Rising Rents Feed Inflation, While Lower Bond Yields Trip Up Cyclicals

The June US CPI data came in well above consensus while the July data, released last week, still shows CPI and core CPI rising at 5.4% YoY and 4.3% YoY. US CPI... Read More»

Do Bond Investors Know Something about the Virus We Don’t?

It is always easy to come up with ex post facto rationalizations of market action. But this writer has to admit to being somewhat mystified by the scale of the... Read More»

Weber vs Traeger: Who Makes the Best Grill and the Best Stock?

Weber and Traeger are not only selling grills anymore, they are also selling stock. The two largest national grilling brands are now public and you have to deci... Read More»

Owning Bonds is a Losers Game in a World of Unorthodox Money Policies

The biggest risk to the pro-cyclical view has always been that the vaccines cease to be effective against the new variants, such as the Delta variant. Concerns ... Read More»

Robinhood is Now a Meme, But More Important is What Comes Next?

It's official you can buy Robinhood stock, on Robinhood. After what seemed like months of breathless media coverage, the digital-first broker everyone loves to... Read More»

The Asset Speculation Game is Far from Over

Base effects mean the real test of whether the pickup in inflation will prove transitory or not will only become clearer in the second half of this year, which ... Read More»

A Third Major Oil Crisis is on the Horizon

A positive view is maintained here on the oil price. Indeed oil has the potential to act as a catalyst for an escalation of the inflation scare in coming months... Read More»

China’s Currency and Export Strength Show No Signs of Slowing Down

Aside from the human death toll inflicted by Covid-19, the big story about Covid-19 has always been where it came from. It was, frankly, a little pathetic how ... Read More»

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