Business Development Strain And The Scary Side Effects of Hiccup Meds (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.

An Important Dive Into the Dollar, Stocks, Gold, etc... (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.

Quote of the Day: Dotcom on Steroids

This intro to the GQG Research article titled “Dotcom on Steroids” very much captures the gist of what I’ve been expressing during client review meetings when the AI topic comes up… Specifically, the areas I bolded:

So The Fed Cuts Its Rate, Then Forecasts Higher Growth and Inflation... Hmmm... (video)

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Inflation Says No/Jobs Data Yes to Fed Rate Cut, and the IFs About 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.

Despite the Price Action of Late, "At this juncture, preserving capital is far more important than chasing uncertain gains."

Volatility measures across both the fixed income and equity spaces have had my attention -- and my somewhat intense ponderance -- over the past several weeks/months... In essence, the silence (or complacency), all macro things considered, has been deafening.

In other words, there's been this distinct calm-before-the-storm scent in the (or in my) air of late.

This morning's report from Sentiment Trader suggests that perhaps this is more than simply ghosts of markets past living rent free in my head (I've been doing markets for 41 years 😎).

Now, before you read on, allow me to be clear, I'm not suggesting that the next inevitable consequential bear market is at hand -- as I suggested on Tuesday, there's a legitimate bullish narrative to be seriously considered for the short-to-medium term... But I am suggesting that to pretend that all is well and that we're about to embark on the next multi-year expansion of US stock market valuations is not something to be betting big on right here.

Talking Breadth, Gold, The Fed, Valuations, etc. (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.

Long-Term Thesis Intact (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.

September 2nd Video Link

Quote of the Day: Too Much Stimulus! (remain nimble!!)

I sympathize!

emphasis mine:

"The world economy and financial markets are receiving too much stimulus, which is a policy mistake but one that should help keep the tilt in favor of pro-growth assets for now. Still, selectivity and/or more portfolio insurance is warranted given that risk assets have already enjoyed an extended bull market and exhibit both frothy pricing and lofty earnings expectations. At some point, a shift to an outright defensive positioning will be warranted."

 I.e.,

"... investors will need to remain nimble, and to be more restrained in their risk positions than would normally be warranted when global policymakers are providing a green light."

-- Phillip Colmar, MRB Partners Research

Critical Data Coming, Long-Term Odds For Stocks, Tariff Turmoil, Downside Volume, Yada Yada (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.