Everybody’s Wrong

Founder’s Note: It’s fair to say one of the reasons we have so much energy exposure in our model portfolios is that we saw the move coming.  As we learned the last time Jason Perz checked in, the move has…

Sector rotation is always happening. That’s the market doing its job. Sometimes it shows up during healthy uptrends. Sometimes it shows up near major tops. The difference is in the direction of that rotation. This is what we track every…

When it comes to technology stocks, the conversation always seems to go in the same direction. Software. Semiconductors. Maybe a little AI sprinkled in. That’s where the spotlight is. But what about the other side of that trade? What about…

Are stocks breaking out into a new multiyear bull market? Or was that the move, and now we’re left with a bunch of failed breakouts and a market that chops investors to pieces all year? That’s the question. And it’s…

Asset prices don’t make their biggest moves because of fundamentals. They move because of positioning. That’s the game. It’s not about earnings. It’s about ownership. Who owns what, how much do they own, and, more importantly, what happens when Everybody’s…

For a while now there have been conspiracy theories floating around about a “dollar debasement.” The idea is that the U.S. dollar is somehow being intentionally destroyed and losing its purchasing power. What those arguments usually ignore is a simple…

As we move into the back half of March, it’s a good time to start thinking about what the spring might look like for stocks. Not just in terms of direction, but in terms of rotation and volatility. We’ve already…

Founder’s Note: We talked this week about stepping away from our screens to refresh our brains and refocus our thinking processes. It’s good to do that. It’s great to be able to do that. Sam Gatlin – SamG in the…