Seeking Safety Can Mean Missing the Biggest Gains

Seeking Safety Can Mean Missing the Biggest Gains

June 8, 2026 While markets have made all-time highs this year, you may think we’re near the top and it’s time to pull back. But you can’t time the market. Many kinds of markets cycles occur for long-term investors. When there’s intense market volatility, the urge to...
What We’re Seeing Isn’t Normal

What We’re Seeing Isn’t Normal

June 1, 2026 We might be living through the biggest financial hysteria ever. For example, on April 24 the PHLX Semiconductor Sector (SOX) index closed higher for the 18th consecutive trading session. It’s the longest daily winning streak in the 32-year history of the...
The Market Uptrend was Broken

The Market Uptrend was Broken

Monday, April 20, 2026 Unless you own a lot of energy stocks, the recent past has probably been bad news for your portfolio. Oil prices are higher and the energy sector, once again, has been the biggest gainer. For instance, as of this writing the State Street Energy...
The Next Argentina

The Next Argentina

Monday, February 23, 2026 We know we should avoid trivial debt. But times are odd and hyperinflation makes borrowing heavily a viable path to maintaining wealth. That’s why you want to consider borrowing cheaply and putting the money into assets that won’t...
The Spending Will Never Stop

The Spending Will Never Stop

Monday, February 16, 2026 I’ve talked about how tariffs are taxes. I’ve also talked about how consumers pay all taxes, directly or indirectly. I’ve also mentioned how when it comes to the federal government, spending will never stop. Recent data backs it up....