November Update

Here Comes Santa? “Nobody knows nothing” – Jack Vogle, founder of the Vanguard Group For years the macroeconomic landscape has laid waste to economists, strategists, and most importantly, macro hedge funds.  The world’s central banks effectively papered over any...

October Update

  It’s hard to think of a month more depressing than the one we just went through.  Sentiment is at laughable extremes of bearishness.  The mood amongst traders and investors is downright apocalyptic.  And the price action in just about every asset on the planet...

Rate Of Pain

September 16th, 2022 Rate of pain In our August update, we mentioned how September would be a month to focus more on the macro and wait for the micro in October when the earnings season ramps up for the last time in 2022.  Central Bank rate hikes are what are in style...

Controlled Chaos

The summer is now over, kids are back in school, and the beach clubs are starting to take down the umbrellas. And what a summer it has been! Just 7 weeks ago the mood in the markets was downright apocalyptic. Stocks were meandering near their lows after a historically...

And in this corner… 

Well, the stage is set. The participants have been selected and the battle is officially on. It’s the  Fed versus market participants now. What are the reasons for battle you ask? The Fed is hell bent now on raising rates, they are sending out various Fed Governors to...

Peak Dread?

On July 15th we sent out a “mid-month note” highlighting some of the potential positives that in our mind at least are being discounted, ignored, or underreported. This makes sense, though, the first half of 2022 has been as brutal as it gets for investors or savers,...