AI Unemployment, Investing in Heat Mitigation and IPOs Unveiled
Dear Clients and Friends, Markets reached a high for the year around June 1 and have since been sluggish to down, with the tech-heavy NASDAQ
August 2, 2026
Dear Clients and Friends, Markets reached a high for the year around June 1 and have since been sluggish to down, with the tech-heavy NASDAQ
Dear Clients and Friends, Had I written my quarterly newsletter a little sooner, it would have been against a decidedly more negative backdrop for markets.
So far 2026 is off to a slow, be it volatile, start. And I am talking strictly about markets, of course. It’s a bit early
Why have markets been so happy of late, the last week notwithstanding? Part of the reason is the fact that the Federal Reserve has begun
How quickly we forget. In April, financial markets were in panic mode and I felt compelled to weigh in on the risks that tariffs posed
April 6, 2025 Dear Clients and Friends: April 2nd was Liberation Day in the United States, the day we were liberated from free trade and
January 24, 2025 Dear Clients and Friends, Much has been made of the Trump Trade and in the short-term it paid off for those investors
Dear Clients and Friends, Markets were happy in the third quarter of 2024 because they got what they wanted: a 0.50% interest rate cut, continued
Dear Clients and Friends, If the theme of 2023 was inflation, then for 2024 I will go with regime change. Don’t worry, I have no
The early bird gets all the worms. Usually, a week or two into the calendar quarter, I start receiving the investment newsletters of peers and