Since 2021, our message about interest rates has been clear: rates move in long term cycles, elevated rates are here to stay, and this environment requires a completely different playbook than the one needed over the last 40 years of falling rates. This is not an opinion or prediction about the future, it’s what we Read More
Disciplined Investing
The lure of quick market gains and financial independence, many times from social media gurus driving luxury cars and traveling the world, tempts countless individuals to dive into financial markets. Often equipped with little more than mere intuition, tips from friends, or even investment advice from the same gurus that have lured them into the Read More
Macro and Trend Update – April 2025
The global economy and financial markets are about to enter a new world; different from what we have been used to over the past 50 years. It is becoming clear that the new US administration is dead serious about reversing what it sees as US weaknesses: persistent trade deficits, out-of-control government spending, and a sprawling Read More
Regular Market Pullback or Full Bear?
The questions on the minds of most investors is: When will the stock market bounce? and Is this the beginning of a more severe downturn? Several blogs ago, I covered the signs and typical archetype of a stock market top. While we are seeing similar characteristics today, the major challenge for active investors is separating a normal Read More
Asset Clusters
Stock & bond investors miss out on 70% of the diversification available. One of the attractions of trading futures is that the universe of instruments is large and wide. Do you want to trade gold? There is an instrument for that. Oil? Sure. S&P 500? Korean government bonds? The Swiss franc? Oats? Yes, yes, yes, Read More