Allbirds: Hustling AI To Boost Its Shares
Allbirds, the sustainable sneaker company, has recently fallen on hard times, with revenue down by more than 50% from its peak. To help right the ship, Allbirds is rebranding itself as NewBird AI. Allbirds closed all of its U.S. stores […]
The Market Knew And Proved It Again
On Monday, our Commentary, The Market Knows What You Don’t, shared an important lesson about how markets function. The message was timely, as fear and volatility over the prior few weeks had caused great anxiety among many investors. We wrote […]
Is The Iran War Good For The Petrodollar?
Diana Choyleva wrote an excellent editorial for the Wall Street Journal entitled “The Iran War Is A Boon For The Petrodollar.” She pushes back against claims that the Iran conflict is accelerating the death of the petrodollar. Instead, she argues […]
Stable Coins Versus Banks: The Battle Over Interest Rates
A battle is raging in the Halls of Congress between the banks and the crypto industry. The spark was a judgment by the White House’s Council of Economic Advisers, which recommended that stablecoins be allowed to pay interest to their […]
The Market Knows What You Don’t
A client and friend asked us a timely question: “Why did we remove our hedge position so quickly after the ceasefire, especially with little evidence it will hold?” The simple answer is the market knows more than all of us. […]
Delta Has An Ace In The Hole
On Wednesday, Delta Airlines announced it beat earnings expectations and, more importantly, its CEO maintained previous forward guidance despite the sharp increase in jet fuel prices. Delta CEO Ed Bastian cited a $2 billion quarterly fuel headwind caused by the […]
Ceasefire Rally: Can The Market Hold New Support
Upon hearing of the ceasefire, oil prices plummeted by nearly 20%, and the stock market surged. In doing so, the S&P 500 broke well above resistance. Accordingly, the old resistance of the 200-day moving average (DMA) now becomes support. While […]
The Berkshire War Chest: A Crisis Hedge?
Berkshire Hathaway now sits on $373 billion in Cash. They have enough to buy 480 companies in the S&P 500. For context, this is the largest cash stockpile since 2008. At that time, Berkshire used its cash not to buy […]
An IPO Surge Hides Behind The Fog Of War
While Investors remain fixated on the Iranian conflict and the extreme volatility of oil prices, a historic wave of AI-driven IPOs is quietly building in the background. When the geopolitical fog clears, AI-related IPOs may become an important market narrative […]