Elon Musk On Our New Robot Overlords: If You Can’t Beat ‘Em, Join ‘Em Elon Musk is a larger-than-life titan of industry — the modern equivalent of Gilded Age figures such as Carnegie, Vanderbilt, and Rockefeller. The style may have changed, but the essence is the same: bold innovators and Read more…
We See Opportunities Across the Atlantic Our basic view on the U.S. market remains positive. As we’ve written in recent letters, we believe that the post-election rally doesn’t just reflect the optimism of businesspeople and consumers about positive developments in U.S. tax and fiscal policy. Midway through last year, markets Read more…
What the Fed Means For Your Portfolio World markets are facing a major change, as interest rates have begun a multi-year uptrend. U.S. and foreign economic data continues to improve. On many fronts, including employment, capital spending, salary increases, backlogs of orders, housing demand, retail sales of home-related items, and Read more…
Is Your Portfolio Prepared For the New Market Environment? The change that is underway in U.S. markets is no run-of-the-mill, short-term shift. This is a sea-change — not business as usual. We’re referring to the end of a thirty-year period during which interest rates were falling — a thirty-year bull Read more…
The U.S. Growth Comeback Is In Its Early Innings Here’s why we’re bullish on U.S. economic growth for the rest of 2017, and probably longer. The Great Recession was not a standard textbook economic contraction, and the recovery has not been an ordinary recovery — neither in its structure, nor Read more…
Global Stocks Stocks are attractive in the U.S. and several other countries, driven by improvements in economic performance. Since the third quarter of 2016, U.S. corporate profits have begun to rise after a six-quarter stint of sideways earnings. Since the end of the first half of 2016, manufacturing PMIs have Read more…
Running On Empty: Crumbling U.S. Infrastructure Will Take Trillions To Fix, Creating Big Opportunities An unfolding crisis in northern California has brought unexpected attention to the infrastructure push that was one of the campaign planks of the new administration. The Oroville Dam is, in a sense, a crowning achievement of Read more…
Looking Back on 2017 Let’s take a step back and imagine that 2017 is almost over — and that we’re looking back from a standpoint in late December. What will we see has happened in the U.S. market during the remainder of 2017? First, we think we’ll be reviewing a Read more…
Market Summary We are bullish on the U.S. but cautious in most other markets. At any time, a correction may begin in the U.S. market as political battles slow down the agenda of tax cuts and deregulation proposed by the new administration. As mentioned above, any failure to have tax Read more…
Trump’s Plans Are Not Mysterious… He’s Fulfilling Campaign Pledges The new administration’s whirlwind first days in office have led some observers to wonder what they’re up to. Regardless of what we think about the political or economic ramifications of new policies, it’s important for investors to orient themselves and have Read more…
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