New Bull Market or…?
ECONOMICS VS IDEOLOGY Could it be that the “green tide” is turning? It was just three years ago when a new CEO was brought in at BP with great fanfare and... Read More
Do You Own “Stuff”?
News out of Switzerland caught our collective eye a few days ago: Q4 2022 hedge fund letters, conferences and more Watches of Switzerland Group Plc, the top Rolex seller in the... Read More
When Woke Trumps Economics – OWTW
As the old adage goes, the cure for high prices is high prices. In other words, big increases in the price of a commodity are typically greeted with fresh... Read More
Time to Shine! (OWTW)
Long-time readers will know we’ve spilled a fair bit of digital ink on things like oil, coal, heck… even Bitcoin. But there’s one asset we have been suspiciously mum on... Read More
When Dominoes Begin To Fall – OWTW
COLD HOT TURKEY Earlier this year, in the Insider Newsletter we highlighted a corner of the market that was left for dead by investors. Namely, Turkish stocks. As we said at the time, after... Read More
Pulse Check on Crypto – OWTW
The EU pointy shoes are throwing lavish banquets in the metaverse (yes, it’s just as bizarre as it sounds). Q3 2022 hedge fund letters, conferences and more So let’s use the... Read More
VC Poster Child: Coming Unglued – OWTW
Back in 2019, Chris wrote a lengthy article warning about the house of cards that is Masayoshi San’s Softbank. Q3 2022 hedge fund letters, conferences and more You can read Chris’ entire... Read More
Truly Breathtaking – OWTW
Oh, boy! Crypto is (once again) moving with the volatility of the British pound. By now, you have probably heard of the wipeout of FTX and their founder Sam Bankman-Fried. Q3... Read More
Predictable – OWTW
Long-term readers are by now familiar with our investing philosophy and “market bias.” We are long-term investors first and foremost. We shun what’s expensive and gravitate towards what’s cheap. In recent years,... Read More
“Gilty” as Charged – OWTW
A lifetime ago now — actually, it was only back in January of this year — the 30-year Gilts traded at 80bps. A few weeks ago that hit 5%... Read More
Getting Spanked – OWTW
WHAT IF… It’s been a while since we touched on the bond market here, but our buddy Kuppy just penned a thought-provoking piece on the topic. A short teaser: Imagine what would happen... Read More
The Mania Rages On – OWTW
If the last couple of years we had a retail mania on the upside, we now appear to have a mania on the downside. Q3 2022 hedge fund letters, conferences... Read More
The Hottest Commodity Few Are Talking About – OWTW
The latest report from Marathon Resource Advisors on the state of the commodities market is well written and really easy to understand, and we highly recommend you read it. To whet... Read More
Welcome to the Dark Ages 2.0
NEW PODCAST WITH CHRIS MACINTOSH Chris recently joined Jason Burack on his Wall St. for Main St. podcast to discuss all the “batisht” crazy things happening in the global macro... Read More
Coal: Talk Dirty to Me – OWTW
Around the world, demand for dirty coal keeps growing and coal prices are running like the police are after it. In light of this, it’s worth highlighting just how hated and underinvested coal equities still are today. In... Read More
Is the Commodities Bull Market Over? – OWTW
Over the last few weeks we have seen the dumping of commodities stocks like never before. Q2 2022 hedge fund letters, conferences and more The recent pull back in anything commodities-related... Read More
Commodities: Is 100 Years of Market History Suddenly Wrong? – OWTW
If you’re a long-time reader, this week’s inflation print over in the US doesn’t come as a surprise. Q2 2022 hedge fund letters, conferences and more In light of that, let’s... Read More
The Blow Off Top of Socialism – OWTW
Right now, the Western world is going through what we call a blow off top of socialism, whereby the pillars of Western civilization completely blow their credibility. The media,... Read More
How Do You Say “stupid” in German? – OWTW
MAGAZINE COVERS STRIKE AGAIN Ah, what would we do without magazine covers? We previously highlighted a number of instances where a mere glance at the newsstands could have alerted you to... Read More
When Does China Pull the Rug?
Remember how we just discussed the funding of the profligate US government? Let’s take a look at how bad things are. Here’s the current budget deficit. Q1 2022 hedge fund... Read More
Time to Get Greedy? – OWTW
EXXON… OR ZOOM? Back in November 2020 we published an issue of Insider Weekly where we made our case for Exxon Mobil: It’s trading at the same level it was some 22 years... Read More
Time to Buy Stocks? – OWTW
The “popular press” tells us it’s time to buy stocks… Q1 2022 hedge fund letters, conferences and more But is it really? We highlighted Apple as an example in last week’s Insider Weekly.... Read More
