It's All About the Fed Right Here (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.

Important Stuff! (video)

Dear Clients, this is one to watch! 😎

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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.

This Morning's Log Entries: Not So Fast!

11/20/2025

Equities are rallying hard this morning on NVDA’s positive report, although off of earlier highs… The delayed Sept jobs data was released this morning, which showed a surprise 119k payroll increase, although the unemployment rate rose to 4.4%, LFP unchanged… AHE was up .2%, 3.8% y/o/y (a little soft), workweek flat at 34.2  hours… July and August were revised down by 33k jobs.. August actually now shows a job loss of 4.4k…

These Are Not Fundamental Underpinnings!

Sharing my internal log entry from last Friday... 

11/14/2025

Musing briefly on the dynamics that presently underpin the US equity market.

For starters, suffice to say that the stock market is bigly essential to the overall health of the US economy… The K-shaped nature of present conditions demands that the wealth effect remains alive and well if the expansion is to continue going forward.

What's Bothering the Market? (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.

Where (Long-Term) Equity Opportunities Exist, Despite The Near-Term Economic Setup

Per their latest commentary, MRB remains bullish overall on the economy (i.e., no recession in sight, growth continuing, yada yada), however they're very cautious on US equities longer-term. Below are the opening two paragraphs which (diversifying outside of "frothy" US stocks) jibes with our current long-term thesis. Although the external dollar tailwind (per the potential setup involving stable coins over the coming years [a topic for another day]) may not be quite as prevalent as we originally thought:

A Flip In Sentiment, Driving Through Fog, And 'Maybe' Setting Up For Santa (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.

Quotes of the Day: No Letup In Sight

Per yesterday’s video, at the moment it doesn’t look like all that capex spend is going to let up in 2026:

The Great Spending Race -- OR -- Don't Invest Heavily In Heavily-Investing Companies (video)

Dear Clients, this is a particularly important commentary to take in (start to finish) when you have a few minutes!

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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.