Predicting The Future
When something happens that has never happened before, do we assert it was unpredictable? Monday the front month contract for WTI crude oil went negative in price and traded there, as holders attempted to get rid of the obligation to take delivery. How much can I pay you to take my oil? Amazing. Times like…
Read MoreThe New 20-Year Stock Chart
The last 20 years have given us three major market shocks. These resulted from the end of a tech bubble, a financial crisis and now, a global pandemic. During this time, investors have experienced numerous emotional highs and lows, yet in general, the approach to investing delivered by the financial services industry has not fundamentally…
Read MoreCommunication At A Distance
First, I sincerely hope this note finds everyone safe and healthy in your world. We are grateful to be here to serve our clients and friends. To paraphrase the line from the movie “Cool Hand Luke,” my Co-Founder Brandon Langley and I will not be accused of a “failure to communicate!” On the last trading…
Read MoreFinding Clarity Amid Confusion
By most measures, markets have entered a bear phase and are down almost 20% from all-time highs. The coronavirus, oil rout, and politics have combined to create a perfect storm in the markets. In times like these, what do we crave most? Surely, we all want to be safe and to know that the virus…
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