Promoting Useful Knowledge

Isn’t it supposed to be the summer doldrums? What happened to Sell in May and Go Away? This summer has not been one of those uneventful years. As we come towards the proverbial end of summer with kids returning to school, I’m wondering what will happen next. I expected this past week to be active on the news front, but I didn’t expect it to be this crazy. I’ve got a slightly longer open this week because of some comments on the week’s news. Of the two storms that were making their way into the Gulf, Macro was minimal, but Laura was quite a dooze. The storm damages are estimated at about $25B with about $5B to local refineries. The prices of Gasoline barely responded and Crude actually ended the week lower by more than 4%. Also last week, Walmart (WMT) jumped into as a potential buyer for TikTok . Yes, that Walmart. They aren’t going it alone though. The idea is to team up with Microsoft (MSFT.O) to buy TikTok operations in the US, Canada, Australia, and New Zealand for $20-30B. The bi...

This year has been one giant mess. It doesn’t appear it will be any different this week. We’ve got fires burning in California that are bigger than the entire state of Rhode Island and two Tropical storms racing into the Gulf of Mexico at the same time. This week’s post has three main sections. First, I review Equities. People getting smashed on short Tesla is the main article there. Then we move onto the Macro section. There’s a lot to digest there, but it’s the main chunk of the post this week. I cannot recommend the Macro MasterMind podcast enough. It was going to be the best of the week, but Tesla has been in the forefront a little more. I think the Mastermind series will help you move forward with investing for the future. Next, we hit the Credit section. I can’t recommend any of these articles more than the others. I found tremendous value in each of them. Finally, the Miscellaneous section has a great article on pensions and a long form historical piece on Public vs. Private mar...

Lots of big news announcements last week. The Democratic ticket filled in with Kamala Harris, Russia supposedly created the first COVID vaccine, but the big news in markets seemed to be the stock splits of Apple (AAPL.O) and Tesla (TSLA.O). Both stocks jumped on the news, which I'll be honest I find hilarious. This was all over the news and a number of podcasts I listened to discussed this event. I will cover this more below, but many jumping into those stocks might be overreaching. There's a lot on the "new" diversification this week. By new, I mean not the traditional Bonds, value, or defensive sector investing. One asset that's different is water. Not many people think of water this way, but we have a short podcast on that with some notes on inflows into Water funds. In the miscellaneous section, I recommend clicking on the 'Taxes, VPNs, and Office Hours' article. It covers a lot of the questions around things we're all new to dealing with in the WF...