“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
Thought leadership from founder Kirk Spano as found at...

Global debt and liquidity issues are meeting the AI infrastructure buildout and geopolitical conflicts. The result is persistent inflation and rising risk.
Read More2026 comes in with high stock market valuations and risks to the economy. Three U.S. debt walls are hitting and Japan is extremely fragile. Balancing risk with opportunity will be key to 2026.
Read MoreI am currently on a glide path to becoming more conservative in 2026 should it become necessary as I expect. We will let the markets tell us, but are expecting a tough 2026 as the U.S. refinances $11 trillion of debt.
Read MoreWhile I do not expect a collapse, the risk of a significant correction and economic slowdown, due to transitions in the financial system, is higher in my opinion. I am managing risk while looking for opportunities in volatility.
Read MoreThe stock market has had a minor correction so far this year. We are managing risk with the idea that there are is more uncertainty than usual. There appears to be multiple catalysts for more downside.
Read More2025 is setting up to be a choppy year with rallies and corrections. We will have to be mindful of our risk as always, but also look for opportunities to buy the dips.
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