Shipping volume is a pure measure of economic activity and removes inflationary effects.
Chinese copper demand is forecasted to triple through 2050 with potential supply shortfalls by mid-decade.
The system is ideally suited for uncertain times, an actionable framework for managing stocks through time and space.
The 2000 stock market crash and labor participation reversal collide with the 1970’s to illuminate a uniquely high-risk environment.
The market may underappreciate the high-powered nature of capital flows in the tech sector.
OPEC forecasts the need to invest $12.7 trillion through 2045 and find an additional 38 million barrels of daily oil production.
A phase change is in progress as returns and diversification potential return to the bond market creating opportunity.
While the unfolding recession has yet to be widely accepted, FedEx’s share price has been pricing it in for 18 months.
Gold and a uniquely asymmetric risk/reward opportunity for optimizing portfolios, high beta exposure to an uncorrelated asset class.
The fish swim on… eventually one of them looks over at the other and goes “What the hell is water?”
With the global energy transition entering a new phase, the early-stage cyclical upturn will be amplified by a diverse set of secular growth opportunities.
All signs point to a recession being in progress. In periods of heightened uncertainty, the greatest risk is mistaking noise for signals.