Looking for the Next Wave
Our modus operandi here at TOE is to discuss the merits of investing in individual companies and commodities. Since bonds are the playground for institutional investors, we discuss opportunities on…
Is a Turning at Hand?
Anyone paying attention knows that the equity markets have been on a tear ever since the election. On that fateful night of the election, the Dow Futures contract was down well over…
What Can Blockchain do for You?
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The Stars are Beginning to Align for Commodities.
Asset prices move in waves. Ever since the great depression of the 1930s, the equity markets have risen in bullish waves that tend to last 7 to 9 years then…
Is the VIX Quietly Telling Us Something or Is It a Head Fake?
The volatility markets tell us something about the cost of speculating on the size of an asset's price move or the lack their of. If an investor thinks a big…
Melt-ups Always Looks Easy After the Fact
When the market for risk assets (stocks, corporate bonds, real estate and commodities) was falling in 2008 and early 2009, it felt as if the financial world and economy was…
When Bitcoin Breaks | Why Choosing a Reliable Currency Matters
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Sector Performance Update
The talk of late has been focused on rising stock prices. The S&P 500 is already up 3.51% so far this year. If you consider that over the very long hall,…
Interest Rate Update | Time to Manage Your Interest Rate Risk
Interest rates are the price of money, or one might say the price to rent money. The US Treasury Yield curve represents the rate of interest across the maturity spectrum…
Stay Long & Strong
The equity markets are pricing in process of pricing in the cut in tax rates for corporations. The tax cuts are having an interesting phenomenon. One could argue that share…
Some Thoughts on the Macro Picture for 2018
The "everything bubble" is a meme that is alive and well. The price of everything is going up. The price of stocks, bonds, real estate, Cryptos, food, healthcare, education, and…
James Grant | Markets, Monetary Policy & Crowd Behavior
The has been a very interesting week from the standpoint of monetary policy. Not because investors are uncertain about what Central Banks are going to do, but because they know…