Newsletter
Dear Investor, Before the morning of August 9, 1995, the Internet was just something academic researchers and tech nerds talked about. Many people on Wall Street thought it was a fad. Then… Netscape went public. Netscape’s IPO didn’t just launch an internet company; it forced every institutional desk
High Yield Spotlight
HIGH YIELD SPOTLIGHT Why PDO is one of the most interesting income vehicles in closed-end funds right now — and why the premium, the leverage, and the 2033 termination date all matter more than most investors realize. Every week, we'll profile a high yield investment fund that typically
Macro Observations
More than 10,000 people pay for this newsletter every month. A meaningful portion of them are financial advisors, portfolio managers, and institutional allocators. These are not people who pay for content casually. They’ve decided the intermarket signal framework here is worth incorporating into their process. Here’s what
Newsletter
<p><em>In September, the Lumber/Gold ratio broke down.</em></p> <p>Not the S&P. Not the VIX. Not any headline you would have seen on CNBC. The Lumber/Gold ratio — one of the most reliable leading
Global View
A Two-Week Pause, a $19 Oil Crash, and Islamabad’s Historic Failure
Leaders-Laggards
Oil Crashes 11%, the S&P Posts Its Best Day in a Year, and the Peace Trade Finally Has a Price
Weekly Signals
Signals are split evenly between offense and defense, pointing to a market at an inflection point.
Newsletter
I don’t write urgency posts for the sake of writing urgency posts. But this is one of the few times I genuinely mean it — what’s happening tomorrow at NASDAQ MarketSite is something most advisors won’t see again for a long time. GraniteShares is hosting an advisor-only
Newsletter
The structured product industry has been one of the fastest-growing corners of finance for years — but access has always been the problem. High minimums, opaque pricing, limited liquidity, and bank-issued notes with complex terms kept most advisors on the sidelines. That’s changing fast, and I want to
Closing Thoughts for the Week
Can a Market Rally Survive When the Price of Oil Is Still the Price of Everything?
High Yield Spotlight
HIGH YIELD SPOTLIGHT Every week, we'll profile a high yield investment fund that typically offers an annualized distribution of 6-10% or more. With the S&P 500 yielding less than 2%, many investors find it difficult to achieve the portfolio income necessary to meet their needs
Global View
A Relief Rally, a Jobs Surprise, and the Entire World Holding Its Breath for Sunday