Market Note: Going Digital

The SEC has never approved a spot bitcoin ETF, despite there being more than 30 applications over the past five years, but Blackrock’s filing is the first to address key SEC concerns.

Market Note: New Bull or Bear Market Rally

The “pain trade” rally we outlined in Market Scenarios & Risk Levels is well underway with Technology stocks and high yield bonds up 15.2% and 7.0%, respectively, since July 6.

Market Note: The Inflation Watershed

For over a decade, the Fed has struggled to hit its internal inflation target despite responding to every episode of economic weakness with increasingly extreme and experimental monetary policy, including 0% interest rates and widescale asset purchases.

WindRock Roundtable: What’s Next in 2018?

In December we participated in a roundtable discussion with Rick Rule, John Mauldin and Chris Casey that was hosted by Brett Rentmeester of WindRock Wealth Management. With WindRock’s permission we are sharing the conversation in its entirety. The topics covered included the dollar, emerging markets, Treasury supply, North Korea and cryptocurrencies.  We think many of the comments are as relevant today as they were several weeks ago.