Worldviews, Solipsism, and Chissiaran: A Random Walk Down the Boulevard of Invincibility
Collective hallucinations are dangerous. Undershooting carries risks, but overshooting could have much more serious consequences. Ignoring history is detrimental. Hubris backfires and lack of foresight demonstrates foolishness. My fear is that in this meta-modernity...New Market Highs and Underperformers: Fundamentals Meet Technical Charts
The market celebrated a Dow Jones Industrial Average that reached 20,000 yesterday. Is this too much of good news? Is it sustainable and could it be that investors are carried away? Could a correction erase the good performance since November given the high market...Shifting Regimes and Changing Winds: Reflections on Trade and Market Implications at the Dawn of a New Era
One of the main issues debated at the Davos conference this week is the possibility of a new trade regime, as President Trump takes office. Discontent with globalization and the talk – over a number of years – by the President himself, as well as by his designated...Investment Outlook 2017: Part II
In last week’s commentary we covered mainly the initial outlook for equities. In today’s post we would like to present an initial outlook for other markets such as bonds, commodities, and foreign exchange. Let’s start with the debt markets and the implications for...An Initial Market Outlook for 2017: Part I
The only certain thing about a prognostication is that it will be wrong. Keeping that humble thought in mind, we offer our readers our initial thoughts on the markets’ trajectory for 2017, which of course need to be adjusted as the quarters of the year unfold and...Sign Up for Our Publications
