146 results found
Daily Market Commentary
As we share in the graph below, crude oil prices peaked at $95 a barrel a year ago. More recently, in July, they were as high as $85. Today, they are below $70 and threatening to take out long-term support. So, why are oil prices falling so rapidly? We lean on the International Energy Agency […]
Daily Market Commentary
The Adobe Digital Price Index claims to use data from over one trillion online consumer transactions comprising over 100 million unique product SKUs. While those are massive numbers, Statista estimates only 16% of retail sales will come from online transactions in 2024. Despite the relatively small percentage, over 75% of adults shop online, and over […]
Daily Market Commentary
Yesterday’s commentary answered a question from a reader about our thoughts on owning gold or gold miners during a bull steepening period. Hours after publishing the commentary, we got a similar question asking how bitcoin might do when the Fed cuts rates. If bitcoin trades as a proxy of monetary policy and the dollar’s viability, […]
Daily Market Commentary
A year ago, the Fed Funds futures market thought the Fed would have cut rates two to three times before the July 31, 2024 FOMC meeting. Two weeks ago, the odds of a rate cut at the July 31 meeting were near zero. Furthermore, the market was only pricing in one cut for the remainder […]
Invest
Recently, a few media outlets have warned of the imminent demise of the petrodollar agreement, commonly called the petrodollar. With such narratives comes investor anxiety. Consider the following article titles on the topic. Before jumping to conclusions, let’s discuss what the petrodollar is and isn’t. With that knowledge, we can address concerns about the death […]
Daily Market Commentary
We haven’t written lately on Cathie Wood and her ARKK Innovation ETF. But given the popularity of her funds, their horrendous results over the last three years, and Wood’s preposterous claims, let’s knock on Cathie Wood and ARKK. Wood started the ARKK fund and others in 2014. The flagship fund, ARKK Innovation Fund, seeks long-term […]
Invest
This article follows Part One, which discusses the massive investment dollars that will be spent expanding and modernizing the power grid to facilitate demand from AI data centers and EV users. With the macro investment theory laid out, we explore which industries and companies may benefit from the power grid expansion. Part Two focuses on […]
Daily Market Commentary
On Saturday, April 20, Bitcoin will be halving. Halving is an essential part of what makes Bitcoin unique. The halving process means that bitcoin miners will receive half as many bitcoins for verifying blockchain transactions. Currently, they receive 6.25 bitcoin for every 210,000 network blocks they verify. After April 20, they will only get 3.125. […]
Invest
Having risen by about 40% since last October, Gold is on a moonshot. Many investment professionals consider gold prices to be a macro barometer, measuring the level of anxiety in the economy, inflation, currency, and geopolitics. Therefore, we must investigate what is and isn’t driving the price of gold higher. The Divorce Between Gold and […]