Melt Up Redux

Posted on Sunday, June 17th, 2018

We got a great peak at what hedge fund legend Paul Tudor Jones is up to in an interview with CNBC last week. The publicity shy manager does not often give interviews and is most well known for calling the 1987 crash to the day. In his latest interview he is calling for a melt… read more.

Alchemy – Bulls into Bears

Posted on Saturday, June 9th, 2018

So  much to say and so little space. I guess a chunk will have to wait for my quarterly letter next month. Bulls into Bears Some of the most visible market pundits that I term as permanent bulls have turned bearish of late. In fact, in my almost 30 years of doing this, these are… read more.

Watch List

Posted on Sunday, June 3rd, 2018

While none of us really want to circle back and explore the Euro crisis again we may not have any choice. We are back to Ital-eave which, by the way, is my personal favorite portmanteau created since the dawn of the GFC. Italy is the third largest sovereign borrower in the world and has large… read more.