“The power to do good is also the power to do harm.” – Milton Friedman Will they? Won’t they? Hearsay. Unelected, unaccountable, unaudited bureaucrats playing with other people’s money can do anything they like. Currently, the Fed Fund Futures are pricing in a 30% probability of a rate increase this week. There has been plenty… Continue Reading
“If you don’t do macro, macro will do you.” – Mitchell Julis Bear market rallies can be fierce. The hope for a bottom ignites a chase, especially when market participants are playing from behind; this only serves to increase exposure when investors should be doing the opposite. That makes this market as difficult as any… Continue Reading
Alim Abdulla is an Investment Advisor at Leede Financial and is a co-founder of the Trading Analytics Group (TAG). He has been with Leede for nine years and began his career in the Financial Industry a year prior at Canaccord Capital. Alim considers himself to be an Active Risk Manager focused on long/short equity… Continue Reading
If you are beginning to get bullish on US equities there are three things to consider: 1) You’re late; year-to-date SP500 +23.6%, Dow Jones +18.8%, Nasdaq +30.5%, Russ2K +31.6% 2) If you couldn’t recognize a bull market in January on the back of US growth accelerating, your investment process is flawed and is not going… Continue Reading
The world is not ending, no matter what politicians and TV pundits try to sell you; crisis is business, and numbers do not lie, people do. The case for being long gold at this point is WWIII and/or a deceleration in US growth. Neither have come to fruition this year; gold is crashing (-21.5% year-to-date)… Continue Reading
This is not a short call on Oil, not yet at least, but this is recognition that the last of Bernanke’s bubbles has yet to begin deflating and therein lies the potential opportunity. With the US Dollar strengthening against 14 of the world’s 16 major currencies this year, commodities have taken it on the chin… Continue Reading
US equity markets are experiencing capital inflows from around the world for three fundamental reasons: 1) A strengthening currency 2) Growth on the margin; and 3) Capacity. These three characteristics make US equities as extraordinary as an honest politician, and are the basis of an extremely compelling case for US Growth and Consumption stocks as… Continue Reading
Why the gold bull thesis is wrong on a near-term (3-months or less) and medium-term (6-months or more) basis. I am and always will be a student of the market, and nothing is more valuable to me than credible, accountable and transparent sources; Keith McCullough of Hedgeye Risk Management taught me that. He has also taught… Continue Reading
