Market Commentary Blog Posts

Goldman sachs logo
April 14, 2022 by Matt McCracken
Goldman Sachs (GS) beat earnings expectations this morning by a wide margin. The credit is being given to their trading desks as their Investment Banking revenue dropped over 30%. An article appearing on CNBC.com states: Goldman Sachs had been one...Read more
Russian Flag
March 31, 2022 by Matt McCracken
According to the Russian propagandist site, RT.com, Russia is set to require payments for oil in Rubles from any country that participated in sanctions against them. Further, it is reported that Russia and India have agreed to conduct transactions...Read more
wheat
March 3, 2022 by Matt McCracken
Disclosure: We currently own DBA, WEAT and various wheat futures contracts (ZW and YW) in many of our client accounts. Wheat prices exploded higher today as the conflict in Ukraine continues to rage on. A few people have asked me how to invest in...Read more
January 24, 2022 by Matt McCracken
Today, Bitcoin traded below its Mendoza line, hitting a 50% decline from its all-time high. Assuming a fixed number of units, which isn't the actual case, more money has been lost by owners of bitcoin than has been made. Given the number of units...Read more
100 dollar bills yo
December 10, 2021 by Matt McCracken
To paraphrase Ronald Reagan, "The FED is not the solution to inflation, the FED creates inflation." And inflation is hotter than it has been in a generation. The CPI came in at 6.8% in November, the hottest reading since 1982. For months, the FED...Read more
September 30, 2021 by Matt McCracken
Disclosure: We are currently long Cameco (CCJ) and Denison Mining (DNN). We have had exposure to Uranium Energy Corp (UEC) and Energy Fuels (UUUU) earlier in the year. At any point, we may add or remove exposure to these names. If you have spent any...Read more
September 22, 2021 by Matt McCracken
Financial pundits far and wide are trying to dismiss the impending Evergrande default as a "one-off", non-contagion-worthy incident. And let's hope that is the case. But I am watching out for another potential outcome. Evergrande has issued debt...Read more
Russell 2000 index fund chart
September 1, 2021 by Matt McCracken
Ring the bell! Its finally here. Potentially, a multi-year top in equity markets. The universal curse has finally reared its ugly head. And no other than CNBC's finest Bob Pisani is the one to usher in the next bear market. This from CNBC today:...Read more
August 27, 2021 by Matt McCracken
Listening to Jerome Powell's testimony today gave me the distinct impression that the FED is in complete denial about inflation. He used terms like "transitory", "passing", and "temporary" to describe the ill-effects of inflation on the economy. He...Read more