The big story in investing this year has been optimism and worry about demand for the chips powering AI applications. While generative AI has demonstrated some impressive capabilities, there are fears regarding when there will be a profitable business model to support the tens of billions of dollars of capital expenditures currently being made in … Read more
At the same time the Bank of Japan caused panic and traders began to unwind the carry trade, something DKI has been talking about since October of 2022, multiple retail trading platforms failed. It might be a good time to hedge your portfolio, or have some assets outside the financial system (or both). Last week, … Read more
President Trump talks about Bitcoin and he and some other politicians call for a strategic Bitcoin reserve. Plus, we have another week of tech stock obliteration. It’s not that earnings were bad; but rather, that expectations and valuations were so high. Intel $INTC is the exception. Their earnings report was bad. We also have lots … Read more
The Federal Reserve completed its May meeting and kept rates unchanged. So, why did the market rise? The Bank of Japan intervened to save the yen twice to no effect before getting bailed out by the Fed taper and a weak employment report. Irresponsible people in Washington are saying insane things. DKI’s solution: Everybody stop … Read more
This was a big week for connected events. The increase in the CPI was a surprise to the disinflation crowd that’s been screaming for lower interest rates for almost two years. Higher CPI leads to higher for longer interest rates which pushes up the dollar against the yen. That’s about to force the Bank of … Read more
Gary Brode of Deep Knowledge Investing and Robb Fahrion of Flying V Group discuss the 5 Things to Know in Investing This Week: The Smart People Doing Smart Things Issue This week, we’ll address the following topics: – New payroll and jobs data is good, bad, mixed, and other. – Moody’s warns on China. – … Read more
Ok – kind of a quirky title, but a lot of smart people were saying smart things in public this week. Peter Schiff made an excellent point in favor of property rights including for Bitcoin which he hates. Moody’s is late, but correct on a potential China downgrade. Las Vegas Sands ($LVS) took advantage of … Read more
This post originally appeared on February 16, 2023 Mark Rossano and I predicted the problems at the Bank of Japan two months before they capitulated and raised rates. The New York Alternative Investment Roundtable hosted us today to see what we thought has changed since then. You can see the whole video here: https://ny-alt.org/2023/02/15/nyair-episode-90-has-the-forecast-changed/ … Read more
