Newsletter

US printer goes brrr…:. China’s trade surplus grows. Iran escalation and de-escalation. A big issue with AI. Another issue with AI is energy.

US captures Maduro. Venezuelan oil reserves may be misstated. Double US weight in the world index. Energy is <3% of the S&P 500. China continues to load up on gold.

Fed cut rates. Central banks are still buying gold. Quality matters in small caps. Consumer Staples underperform. Silver hits another ATH.

Gold reserves on the rise. Miners see wide margins. Silver jumps to a new ATH. The average investor underperforms bonds. Get 5% yield in Japan.

US labor market weakens. Coal demand hits ATH. Silver hits another ATH. AI-related stocks are 20%+ of global market cap. Fund managers are invested.

Fed cut rates. Central banks are still buying gold. Quality matters in small caps. Consumer Staples underperform. Silver hits another ATH.

Gold reserves on the rise. Miners see wide margins. Silver jumps to a new ATH. The average investor underperforms bonds. Get 5% yield in Japan.

AI spending is low. The world is going off the US$. Retail drives US stock trading. China sees a decline in investments. Japan is stuck between a rock and a hard place.

Commodities appear cheap again. Japan’s gov’t bond yield shoots up. Investors don’t sit on much dry powder. EVs are just 4% of cars on the road. AI now creates more content than humans.

China is more indebted than the US. The US middle class is shrinking. US housing is becoming increasingly unaffordable. The most hated rally ever?. Gold has rebounded.