Starting at an altitude of 6 miles, a 747 can glide about 90 miles after losing engine power. Interesting information but of little use to investors? Maybe not. Successful demonstration of the laws of nature should provide invaluable signposts for long term investors. In many ways we’d like to think that the money printing ways […]

As European Leaders work out who’s in and who’s out as a result of voter backlash across all EU member countries we await for the next instalment of the only game in town. Central Bank largesse.   The result was hardly a surprise for people that understand most of the Eurozone sits on unemployment rates […]

This is the month where we are normally asked about the “sell in May and go away” theory and what the chances are for a correction this current year. For this topic we’ll focus on the US market as global markets still follow it down, if not up. After another (“weather related”??) poor set of […]

We’ve waited for things to escalate in the Ukraine before assessing any economic fallout, so not much to report there except it’s still escalating and it will be nice to see NATO back off from what has already been another monumental miscalculation. Crimea is gone. Lets hope they all leave it at that. Later below, […]

Last week we saw the capitulation of one of the last true contrarian investors, Hugh Hendry, of the famed Eclectica Macro Global Fund in London. Hendry’s “come to Bernanke” moment did not come easily:  The manager acknowledged his changing stance may be viewed by some investors as a ‘top of the market’ signal, but said […]

A few weeks ago we established the Fed’s target for end year of the S&P500 was 1800! Well, we’ve had to revise it up as we underestimated the Fed balance sheet expansion speed. It would have also been encouraging for investors to hear incoming Fed Chairperson, Janet Yellen tell congress that unless underlying employment and […]