“If you want to have a better performance than the crowd, you must do things differently from the crowd.” John Templeton Another day with not too much going on as markets and...
<< Read Part 1: How Stupid Do You Have To Be To Let This Happen? “Of course there are true copper bottomed mistakes, like spelling the word “rabbit” with three m’s, ...
The charts seem fairly clear. The mispricing of risk continues. The rationales for this are increasingly thin and self-serving. The consequences are going to be historic. Have a pl...
Sometimes I hate being right. As first-quarter earnings season was getting under way in April, I warned that weakness in corporate earnings that was supposed to be confined to ...
In a word… “yes,” VIX is too low based on the fundamentals underlying the economy, according to Goldman Sachs. Mapping VIX back to the economy: Our research indic...
I have to level with you all… I find this market rally extremely skeptical. It is another one of those market-hijacked rallies based off of a headline from left-field. Two ...
What Can We Learn From Last Three Years? The chart of the NYSE Composite Stock Index below shows equities have been indecisive since the second half of 2013. The lack of sustained ...
Greetings, We start the week with the United States where we continue to see signs of economic improvement in the second quarter. 1. US retail sales in April grew at the fastest ra...
“On a final note, what was the one asset you did not want to own when I started Duquesne in 1981? Hint … it has traded for 5000 years and for the first time has a positive carr...
Before the start of trading, the Commerce Department released a report showing much stronger than expected retail sales growth in the month of April. The Commerce Department said ...