Category: Commentary

Broad-based global equity indexes appreciated in the first quarter as the financial markets anticipated less hawkish signals from the US Federal Reserve (Fed). After the Fed’s preferred measures o...

Broad-based global equity indexes appreciated in the fourth quarter, even as investor sentiment continued to deteriorate. Fear of the future is palpable these days, but historically crisis has crea...

For years, market pundits have been warning investors about “profitless tech”––companies ostensibly incapable of turning a profit. In our view, the companies in which we invest are sacrificing shor...

At Jackson Hole, Fed Chairman Powell invoked Chairman Volcker’s name twice directly and twice indirectly (“Keeping At It”), emphasizing that the Fed will continue to raise rates until inflation fal...

Broad-based global equity indexes depreciated significantly during the second quarter as global recession fears boiled to a tipping point, damaging consumer, business, and investor confidence. Inno...

We believe the dreams associated with the tech and telecom bubble more than 20 years ago are turning into reality today; yet, the ARK Innovation ETF (ARKK) and our other disruptive innovation funds...