It’s your job to figure out why someone wants to engage in your services.
The bitcoin halving that occurred this past Monday is only the third such event in the cryptocurrency’s 11-year history. In the months following the first and second halvings, bitcoin prices surged as it became abundantly clear that at some point in the near future, new bitcoin issuances will come to a halt.
I knew this letter’s topic months ago. It was going to be a review of the Strategic Investment Conference, which would have just concluded fabulously in sunny Scottsdale.
Elon Musk isn’t known for playing by the rules. The 48-year-old tech billionaire got himself into hot water with regulators a couple of years ago by tweeting that he was “considering taking Tesla private at $420.
U.S. investors are helping Australia’s exchange-trade funds withstand one of the roughest periods for financial markets.
David Rogal and Bob Miller contend that the TIPS market dislocations witnessed in recent months have resulted in opportunities that investors would be remiss to ignore.
Some emerging phishing tactics are very tricky to detect.
We are past the worst, according to Matt Ridley, and can begin to think about how we can put the world back together. But we need innovation.
It can be difficult to give a fair representation of each country’s market response to the COVID-19 outbreak. Each nation has varying initial conditions, population responses, and approaches to quarantines.
The economic calendar is a normal one and is beginning to include data from after the start of the crisis. This week includes small business and consumer sentiment surveys, as well as April data for retail sales and industrial production. I will also be watching jobless claims, both new and continuing.
Will inflation soar? Will monetary policies work as intended, and what precedent are they setting?
I hope this message finds you and those close to you in good health as we all navigate the fallout that happens when a health crisis spills over and triggers an economic crisis.
In all his years in the Texas oil patch, the billionaire Russell Gordy has never seen a bust like this.
Coping in the current pandemic is tough in many ways, including psychologically, so it’s no wonder that many therapists have seen business surge as clients turn to them for guidance amid the unknown.
While there still isn’t complete clarity surrounding the Federal Reserve’s purchases of exchange-traded funds (ETFs), it did recently release a bit more information. David Mann, our Head of Capital Markets, Global ETFs, attempts to solve the mystery of which ETFs the Fed might be buying—and when.
It is a light economic calendar if measured by the number of reports but an important one given the focus on employment. We will get reports from ADP, the “official” BLS employment situation numbers, and the weekly early indicator from jobless claims. Whatever else happens in the economy, jobs take center stage.
Today is “reopening” day for Texas, home state of U.S. Global Investors. Restaurants, retail stores and malls can now open their doors to customers again, so long as occupancy is kept at 25 percent of what it normally would be.
In today’s uncertain investing world, I believe it is extremely important to first and foremost focus on safety and quality. Since my primary investment focus is now on dividends and dividend growth, safety to me is primarily about valuation along with dividend coverage and predictability.
The investment scene is beginning to resemble the 1929 market crash and the early 1930s Great Depression. This pandemic is likely to be the most disruptive financial and social event since World War II with equally long-lasting consequences.
As people around the world consume less oil, gas and coal, electricity generated from the wind and sun will keep flowing.
Jerome Powell set aside his usual reticence about commenting on fiscal policy and urged lawmakers to come up with further measures to support the economy.
I don’t know if you’ve noticed, but the market’s been a bit bumpy lately, so I decided to send out my NewsLetter early to give you something to read other than financial pornography designed to scare the begeebies out of you.
See how the coronavirus pandemic is impacting manager viewpoints across key geographic and equity regions.
Every January, I start keeping track of the predictions for the upcoming year. With the arrival of the second quarter, it’s time for my first review of how those forecasts played out.
Physical gold continued to catch a bid this week, trading above $1,760 an ounce, on a host of head-spinning economic news, from millions more Americans filing jobless claims to record money-printing to negative oil prices.
SMEs and oil are feeling the demand decline, leading to calls for reopening businesses.
The effects of COVID-19 have been tough on the Energy sector, to say the least. With businesses around the global shuttered and vacations called off—and an estimated 40% of the global population ordered to stay at home—demand has fallen sharply. And that has taken both the price of oil and energy stocks down with it.
Two months into one of the most disruptive crises of our lifetimes, we have all become accustomed to words and phrases such as unprecedented, severe, social distancing, etc. Although these words are perhaps less jarring than they were prior to the onset of the coronavirus outbreak, they truly do capture the impact of this health crisis on the economy, now and in the years to come.
Lawmakers, business leaders and healthcare professionals around the country are searching for solutions to curtail the spread of COVID-19 and reopen the U.S. economy.
Oil prices briefly turned negative this week. What does it mean for energy bonds? And why does the long view for oil matter more?
There is a strong case to be made that such dividends in such an inherently volatile business as oil is asking for trouble.
Oil prices fell below zero on Monday for the first time in at least 155 years, dragging major stock indexes down, as well. West Texas Intermediate crude oil prices fell to -$37.63 per barrel during trading on Monday...
Unlike most macro investors who are event-driven, RBA has always strictly followed fundamentals. Our models and indicators have been time-tested in multiple cycles over the past 30 years, and a deliberate and disciplined approach has so far served us well in the current unprecedented environment.
You have to love The Wall Street Journal writer, Jason Zweig. His extremely inciteful “Intelligent Investor” column could be called “Jason’s Wet Blanket,” because he seems to throw a wet blanket on most investment disciplines in U.S. stocks. This week’s wet blanket is designed to create even more desperation for value investors via his interview with Charlie Munger.
This week’s newsletter will be somewhat condensed as the bulk of our current positioning is based upon the information contained in the two reports referenced herein. The goal of this week’s letter is simply to outline the market ranges which fall within the context of our current Macroview.
Closed-end funds are currently trading at a discount as equity markets have dropped. Here’s where to spot opportunities.
This letter is one of the more difficult ones to write because things are changing so rapidly. We caution readers that we are not epidemiologists, but it is our job to try, to the best of our ability, to figure out what is going on, and that’s what we attempt to do with this letter.
The Fed’s $5 trillion bazooka, helicopter drops of cash, and a tripling of deficits over the next two years imply a future bout of high and volatile inflation unless fiscal policy nimbly pivots to help prevent the toxic side effect of a spike in inflation. Is that expectation realistic?
The COVID-19 pandemic could devastate parts of the developing world. But with a concerted, cooperative, and holistic approach, the international community can avoid a large-scale humanitarian tragedy in vulnerable regions – and protect the rest of the world from destabilizing blowback.
The coronavirus pandemic has created a number of pricing dislocations within markets across the globe. In its second-quarter outlook, the K2 Advisors team takes a look at how hedge fund managers are navigating the current market environment and which strategies are finding opportunities from these dislocations.
While ESG was initially a hot topic for equity investors, fixed income market investors are quickly catching up. In this blog, we aim to share some key ESG integration trends we see among the fixed income market participants.
While the COVID-19 crisis is far from over, we expect central bank and government policies to be key to performance in the second quarter.
In the first quarter of 2020, stock markets across the globe experienced one of the worst quarters in the history of global financial markets. But maybe it’s time for investors to take a pause and do some strategic thinking...
In late February, our Bond Asset Allocation/Tactical Fixed Income model prompted us to sell out of high yield bonds and instead take up a defensive position. It isn’t enough to simply analyze creditworthiness of issuers or movements in credit spreads. Anyone who thought they were taking a “tactical” approach without a broader analysis was likely sorely disappointed as the latter half of the quarter unfolded.
Evidence from decades and even centuries ago, plus the unique circumstances of the current global health crisis and its economic impact, suggests we can expect a “New Neutral 2.0” of lower interest rates for longer.
I am going to tell you how to win over female clients by not losing them at the onset.
With a very healthy dose of humility, let’s take a look at what a reopening of the global economy may look like.
If you are hoping the “bear market” is over, and have jumped “back in” with all your capital, you are in “good company,” as many others, judging by my twitter feed, have done the same. Just be prepared to be disappointed in the months ahead.
Remaining on hold and waiting to see where life takes us over the next two to three months (or perhaps longer) is prudent. Patience will prove to be a virtue in these highly uncertain times.
