The end of the oil age began when Saudi Arabia flooded the market with oil in 2014. We are in about the 2nd inning now. Have an energy transition plan. Register to read.Read More
Letters & Special Reports
These are my periodic letters, investment notes and special reports for clients and the interested. My general theme are to identify risks and search for opportunities in the biggest trends.
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Expect one regular monthly summary piece and occasional periodic reports.
With the flow of money out of “old economy” and “grandpa stocks”continuing, using corrections to upgrade our asset allocation is an essential idea. Already, we have raised cash on anticipation of a summer correction.Read More
I’m no gold bug, but for the first time in a long time, gold is looking pretty. It once again deserves a small place in your portfolio. Register to read.Read More
Alphabet is one of the largest and most important companies in the world. It is also a profit machine sitting on a mountain of cash. With multiple units that could be spun off, merged or grown, this is a company that could yield even more dividends, without actually paying a dividend.Read More
AT&T is a very misunderstood company that is sitting on some very valuable assets. While I’m not a fan of the DirecTV deal, the Warner deal could bring huge benefits either through growth, as a tool to grow 5G and fiber business or being merged into another media company – or all three. Time will tell, but I’m willing to collect the fat dividend while I wait to see.Read More
The sustainable smart everything world is taking hold of the investing landscape. Millennials are leading the charge. Register to read.Read More
The years of stimulus by the Federal Reserve is being used by the economy finally. After years of the perception of a not-business-friendly administration, President Trump has clearly unleashed some animal spirits.
The tax cuts are certainly having an impact as consumer spending is strong, and corporations are doing well (more on that below). The tax cuts will only have a temporary impact, however, and we will need to monitor that in the next year or two.Read More
The Markets Are Topping, But Where’s THE Top? If you read my most recent article The 12 Sells Of Christmas, then you saw the charts I put up showing the similarity between the current bull market and the one from just before the financial crisis. You also saw the CAPE ratio chart.
Here are some more scary charts. And, if you don’t find them scary, you don’t scare easy enough, so pay attention and have a little respect and fear of what these charts are implying.Read More
The price of producing solar and wind energy is now about equal to the price of gas and coal. This excludes all the clean-up and pollution costs of gas and coal. It is clear that the fossil fuel age has entered its end game.Read More