Still in the Woods?

Still in the Woods?

  The stock market has been looking ahead, hoping for a peace agreement in the war involving Iran. While that would certainly be welcome news, this week’s chart suggests we likely aren’t out of the woods just yet. The problem lies with disruptions to global...
Trimming the Hedges

Trimming the Hedges

  Hedge funds. You’ve probably heard of them before. But chances are you aren’t quite sure exactly what they do. Don’t worry, not many people do. And that’s by design. On the surface, a hedge fund is simply a professionally managed pool of money for wealthy...
When Optimism Gets Expensive

When Optimism Gets Expensive

OVERVIEW   Markets extended their advance last week, with gains showing up across most major asset classes. The S&P 500 rose 1.43%, while the NASDAQ led large-cap indexes with a strong 2.39% gain. The Dow Jones Industrials added 0.90%, and the S&P 100...
Semis Lead the Way

Semis Lead the Way

  Semiconductors. They’re kind of a big deal. You’ve probably heard of them. They’re in everything, and they’re all the financial world can talk about nowadays. But what, exactly, are they? Well, technically, they’re a material that conducts electricity, but only...
The Universal Currency

The Universal Currency

  The author Vaclav Smil once said that “Energy is the only universal currency.” He’s right. To take it a step further, you might even say that energy, in the form of oil, is the lifeblood of industrial civilization. So, for this week’s indicator, let’s turn to...