To Separately Managed Account Clients of Vailshire Capital Management: Spring has finally sprung here in Colorado Springs! I hope each of you is doing well and enjoying the Easter weekend. Current Market Conditions Not much has changed since our last monthly update, other than increasing optimism within the financial markets, as we predicted. In the United States’ and most of …

Greetings from Colorado Springs! I hope each of you is doing well. Current Market Conditions Underlying economic and inflation indicators continue to accelerate, even as many market participants remain prepared and positioned for the worst. While the S&P 500 is flat to slightly up on the year, our Vailshire portfolios continue to perform quite well. Earnings and revenues for US …

Current Market Conditions As I wrote in last month’s update, glimmers of hope are rising in the United States and around the world. As increasing numbers of people receive the vaccine, fears of COVID-19 should start to subside. As fears decrease, optimism will return in force. This transition should create an extremely positive dynamic over the coming months, resulting in …

Dear Client of Vailshire Partners LP, Despite the incessant geopolitical turmoil, 2020 was a remarkably good year for Vailshire’s hedge fund investors! — Read on to learn more about our recent results, as well as our outlook for the coming quarters. Current Market Conditions Alternative Assets and Outsized Returns For myriad reasons, 2020 was a year that will live in …

Happy New Year from Colorado Springs! I hope that each of you had a fantastic holiday celebration with family and friends… whether virtually or in person. Current Market Conditions The mood has changed considerably since the fall of 2020. After nearly a year of fear and pessimism–both in the markets and across social media–I sense glimmers of hope in the …

Dear client or friend of Vailshire Capital Management, It’s cold and snowy here, and an unusually large amount of Christmas lights are already up in the neighborhood… it’s definitely December in Colorado Springs! I hope each of you is doing well and had a great Thanksgiving. Current Market Conditions While the presidential election results are not yet officially settled, the …

Dear client or friend of Vailshire Capital Management, Happy November from Colorado Springs! The weather is warm and the trees are beautiful. I hope you are enjoying the fall season as much as I am. Current Market Conditions I just re-read my last monthly update (here’s the link) to remind myself of what I wrote to you previously and, to …

Dear client or friend of Vailshire Capital Management, Greetings from Colorado Springs! Current Market Conditions After a tumultuous month of September, I was hoping to sound a more optimistic note for October and the upcoming election. However, the most recent economic data–mixed with rising geopolitical tensions–has tilted my indicators more bearish. In other words, we need to expect more volatility …

Dear client or friend of Vailshire Partners LP, Greetings from Colorado Springs! I hope this quarterly memo finds you well. The State of the Economy The health of the President, his administration, and the economy are at the forefront of our nation’s mind as we approach election Tuesday in early November. As uncertainty about election results and coronavirus containment/immunity persist, …

Dear client or friend of Vailshire Capital Management, My favorite month (August) is almost over and changes of autumn are already in the air. I hope each of you is having a wonderful summer! Current Market Conditions I will keep this month’s update relatively brief, as not much has changed from an economic/investment perspective since the end of July. The …