The Quiet Gold Rally
For all the talk of the FAANG-led stock market rally, one asset class that isn’t getting enough respect is gold.
The S&P 500 may be...
They’re Baaaack: CDOs Rise Again
Despite the role they played in spreading risk during the financial crisis, CDOs (collateralized debt obligations) are making a comeback. Christopher Whittall and Mike...
As if On Cue, Amazon Cuts Prices at Whole Foods
For months I've been outlining my Bezos Law (see here, here, here, and here), which states that any industry Amazon (and more specifically Jeff...
Where is Your Plumber Buying Parts? Increasingly Online
As with most retail, online sales of parts for plumbers, mechanics and other tradesmen is rapidly sucking up market share. Rather than heading to...
Will Better Looking Renewable Power Make a Difference?
One of the sad realities of renewable power to date is that it doesn't look very good. Towering wind turbines and bulky solar power...
El-Erian Warns Against Unleashing New Demons to Fight ‘Lowflation’
Rather than take drastic measures to fight what market participants are calling 'lowflation,' Mohamed El-Erian says that it may be better for central banks...
The Road Less Traveled: Deep in the Sub-Continent
Here's a picture from a client of a road less traveled.
Karakorums in the distance
Not the I-95, but a great road!
Retail’s Rise of the Living Dead
Imagine the feeling you have when someone at a store you frequent remembers your name. It feels good. That’s the level of service national...
Portfolio Strategy: This is the Fair Value Yield on 10 Year Treasuries
Income investors can’t seem to catch a break. Even though the Federal Reserve is finally normalizing short-term interest rates, long-term interest rates remain depressed....
Can American Fashion Reinvent Itself?
Big name American fashion brands like Michael Kors and Ralph Lauren have been using heavy promotions to sell their goods of late. But now...