The Age of Scarcity Part 2: The end of the age of abundance
The Variant Perception Blog We are exiting the age of abundance defined by cheap credit, cheap energy, and cheap labor: profit and cash flow are sexy again. This is the 2nd Read More
The ‘Massive Momentum Structure’ In The Stock Market Is Breaking Down, Part Deux
Over the summer, I once again highlighted the uniquely insightful work of my friend, Michael Oliver. Michael studies momentum within the markets and how it typically behaves through various cycles. When we got together almost Read More
The Real China Headline Risk
Jason Hsu, Ph.D.Chairman & CIO of Rayliant Some investors avoid China due to headline risk. But that itself may be the biggest risk of headlines: leading investors to avoid China. Read More
Meta Platforms: If You Build It, They Will Come
By Wedgewood Partners “People will come Ray. People will most definitely come.” James Earl Jones “Our hope is that within the next decade, the metaverse will reach a billion people, Read More
Old West Investment Management – 2023 Outlook
The year 2022 will be remembered as one of the most difficult for investors in many years. Normally when the stock market struggles investors find refuge in the bond market. Read More
Value fund managers: Let your winners run
The disposition effect, i.e. the propensity to sell winners and hang on to losers, is an all too human bias that every investor has to manage. But surely, professional fund Read More
What Really Drives Cyclical Inflation [Part 1]
Alex Barrow (Macro Ops) Inflation is one of the most important and yet least understood dynamics of the economic machine. It’s one of the Four Forces that drive long-term asset returns, these Read More
What Really Drives Cyclical Inflation [Part 2]
Alex Barrow (Macro Ops) In our previous note we broke down the main driver of cyclical inflation (credit driven demand). Today we’re going to run through how this inflationary period is historically Read More