Seismic Shift and the Energy Crisis
The greatest risk of all is an oil shock because it affects everything. The only thing it might not do is increase market concentration, which is another matter.
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The Multi-Asset Investor Quarterly Investor Letter: Q3 2026
I believe change is coming, and investors who stick with diversification and sound financial analysis will weather the storm.
Stronger for Longer
Despite the messaging, crude is not selling off. The market believes that oil will be stronger for longer.
Protecting Capital
Most stockmarkets are now feeling the pinch, but US large caps, once again, are making things look better than they are.
Modified Duration and Value in Bonds
Market strategist Jim Bianco has been doing the rounds this week. He has long been a bond bear but has
Where's Goldilocks?
With bond yields rising and global energy under pressure, market breadth continues to deteriorate. That is a measure of market participation.