Highlights

A few highlights from our latest notes:

This jibes with recent evidence that the consumer is slowing down:

How the Market Sees the Tariff Threat, A Slow Going Fed, and Vibrating Stocks (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Charts, and Thoughts, of the Day

This morning’s reaction to January’s hot CPI number speaks to the somewhat precarious spot markets find themselves in.

As I type:

Quoting Buffett and Considering Scenarios (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Thought and Chart of the Week: Something's Going To Give

It’s unusual to see gold, stocks and the dollar experience such positive correlation (have since last October)... Gold is catching a bid on geopolitical angst and central bank buying… Stocks are riding momentum and bullish sentiment… The dollar is up on high relative yields and geopolitical angst.

I.e., Something’s going to give: