To SMA clients and friends of Vailshire Capital Management: All eyes are on the debt ceiling debacle Net liquidity may contract while the Treasury General Account is replenished Risk assets may underperform in the near-term, creating compelling long-term buying opportunities Current Market Conditions All Eyes on the Debt Ceiling Debacle Greetings from Colorado Springs! I hope this monthly investor update …
To SMA clients and friends of Vailshire Capital Management: Another bank bites the dust (RIP First Republic) The Federal Reserve has its hands full in keeping the financial markets calm Despite reaching near-term overbought levels, sound money is making a comeback Current Market Conditions Sticky High Inflation and a Sticky Hawkish Fed Greetings from Colorado Springs! This weekend marks the …
Greetings from Colorado Springs! March is winding down and attention is now being turned to the new beginnings of Spring. If you happen to celebrate Easter, as my family does, then I hope it is a great celebration for you and your loved ones. (Graph: Although not as impressive as Bitcoin, gold has also fared quite well since worldwide liquidity …
March has arrived! And every day here in Colorado Springs seems to alternate between winter and spring… which keeps things interesting. I hope all is well with you, wherever this monthly update finds you. (Graph: Net liquidity in the United States grew massively from early 2020 through the end of 2021. Since then, it has been on an equally strong …
Happy Groundhog Day from Colorado Springs! I’m not quite sure why or how this became a national holiday (of sorts) in the United States… but here we are. (Graph: After being in a strong bear market for greater than one year, bitcoin has finally popped above its 200-day moving average and regained bullish momentum.) My least favorite part about writing …
Happy New Year from Colorado Springs! 2022 was a difficult year for many in the financial markets. At the start of 2023, it still looks like it will get worse before it gets better. Not a particularly fun way to start my first update of 2023 but, as the saying goes, we must “play the hand that we are dealt.” …
Greetings! I hope each of you had a wonderful Thanksgiving, surrounded by those you love. I drove my family 1,000 miles (each way) to celebrate with extended family and friends in Minnesota… which was really fun and relaxing. Our 19-year old minivan notched another epic road trip onto its belt! (Graph: The S&P 500 rose above its 200-day moving average …
Autumn has arrived here in Colorado! I hope each of you is doing well. (Graph: The S&P 500 is down a whopping -17% since its epic “fail” on 16-August-2022!) Current Market Conditions They call me “Dr. Bear” on Twitter for a reason. Almost every day, I speak on a live Twitter Spaces event or a podcast interview, telling people about …
Greetings from Colorado! I hope each of you is doing well. Current Market Conditions High levels of inflation continue to dominate the headlines, while the world’s economic engine sputters. The disinflation relief rally in risk assets that began in mid-June from deeply oversold levels came to an abrupt end in mid-August. As a primary example, the S&P 500 (see the …
Current Market Conditions As expected, economic conditions in the United States and throughout most of the world have gone from bad to worse. Earlier in July, the consumer price index (CPI) for June was released, revealing a 9.1% year-over-year increase. This inflation metric was at a 40 year high! Last week, official gross domestic product (GDP) numbers for the second …
