The story of 2023 has been the stock market’s unwillingness to take Federal Reserve Chairman Jerome Powell at his word. Since the start of the year, the S&P 500 is up about 8.1% (which is effectively the annualized return of the market since the 1930s). Shares...
Yesterday’s market rally punched shorts incredibly hard in the face. It was such a decisive knockout that it will be hard for most of them to recover in 2023. The AXS Short Innovation Daily ETF (SARK) – an inverse fund that bets against the stocks of Cathie Wood and...
Dear Reader, Good news… We can’t be in a recession ever again. Our moral betters have decided it. If you see economic data clearly pointing to an economic slowdown, you’re not a “serious economist.” We now live in a world that rivals Alice in Wonderland… or even...
Dear Reader, I’ve long argued that revenge shouldn’t be a process of instant retribution. Want to really mess with someone? Remove a brick a day from their house. If they’re not paying attention, one day you’d find them eating Cheerios in their underwear with half...
