Last week, on the occasion of the 50th anniversary of our firm, we reflected on the many ways in which current events and trends “rhyme” with the events and trends of the early 70s — from war and energy convulsions, to political turmoil and demographic transformation, to monetary chaos and Read more
Spot uranium marches on. Source: Business Insider Although the current price spike is likely to be an unsustainable artifact of labor and supply chain disruption, uranium is an unavoidable necessity in the drive for decarbonization. It is relatively abundant and extremely energy-dense. Fission power plants have microscopic footprints compared to Read more
On October 16, 1971, after years of investing for himself and working as an analyst at a hedge fund and in bank management, our founder, Monty Guild, established his own private investment portfolio management practice. That practice continues today as Guild Investment Management, Inc. For 50 years, Monty, and all Read more
With earnings season underway in earnest this week, we continue to see consumer-facing businesses facing mounting cost pressures from labor shortages and supply-chain constraints. A direct case in point came from Brinker International [EAT], the parent company of the Chili’s and Maggiano chain restaurants, in its recent sharply disappointing earnings Read more
Yesterday, the Bureau of Labor Statistics released monthly inflation data, showing the consumer price index (CPI) for all urban consumers rising at a 5.4% year-on-year pace. In the world of official CPI reporting in recent decades, that is hot. At the same time, retirees got a reminder of their vulnerability Read more
As noted above, more durable inflation is becoming clearer on the horizon, driven by hard-to-resolve supply chain issues and rising labor costs in particular. Wages are rising, particularly at the lower end of the spectrum of hourly workers, and we suspect many companies, as they report earnings, will be reporting Read more
In recent weeks, a piece of news and a piece of commentary, which we show you below, crossed our desk — items which were interesting enough taken in isolation, but which became even more interesting when taken together. Source: Wall Street Journal, Barrons The first was a report about the Read more
The broad U.S. stock indices remain close to their all-time highs. However, those indices are constructed in a way that heavily over-emphasizes the largest listed companies. A different way of looking at U.S. stocks takes the average stock performance irrespective of a company’s size – and by that measure, stocks Read more
Whatever else they can’t agree on — and it’s a lot — the fans of fossil fuels and the promoters of green energy solutions can agree on one thing: they all think an oil price north of $100 is a good thing. It seems that many forces are afoot in Read more
Is there something strange in the water in Washington — or perhaps are we approaching the “haunted house” season where strange and scary things come out to spook us? We may not be alone; the market may be feeling the same way, gauged by its recent behavior. An electric vehicle Read more
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