Risks and Opportunities The tech giants who’ve made 2024 “magnificent” aren’t letting up as the year winds down. The Nasdaq 100 (the [...]

Great Expectations—and the Thinnest of Thin Ice The raucous party on Wall Street continued to rage this week with another 0.96% S&P 500 gain to a new [...]

Hurrah for Thanksgiving Day! With Thanksgiving family frivolity in high gear, HAI will be extremely brief this week. Perhaps the ultimate highlight of this [...]

Just Prices from the NOIC This week HAI is just prices. This author is blessed to be along the banks of the mighty Mississippi River in New Orleans, Louisiana [...]

Trump Trades and Trends When describing the run-up to the great depression, Dr. Benjamin Anderson wrote in Economics and the Public Welfare that: “Every [...]

A Big Deal Going Forward This week wasn’t exactly what HAI would call slow and uneventful. Quite the opposite! We learned that Donald J. Trump is on his way [...]

All Eyes on Gold On the eve of both a very consequential election and a critical Fed FOMC meeting next week, HAI will keep it brief this week.  The big [...]

All Roads Lead to Inflation Late last Friday, the Treasury Department released its latest Monthly Treasury Statement. As of the end of September, gross [...]

The Specter of Fiscal Dominance On September 18th, Jay Powell and the Fed initiated a new policy easing cycle with a jumbo 50-basis point rate cut. The [...]

All Roads Lead to Gold These are very important and exciting times for gold. This week, HAI will attempt to communicate what this author believes is the [...]

Time Out for Face-to-Face Meetings Due to the MWM client conference, this week, HAI is just prices.  MWM would like to thank all clients!  It’s a pleasure [...]

Taking a Break—Sort Of This author has been moving his family into a new dwelling over the last couple of days.  We are incredibly excited for our next new [...]

Something is Rotten in the State of Denmark This week was all about the Federal Reserve FOMC decision to initiate the new rate cutting cycle with an aggressive [...]

No Wonder Gold is Flying This week, after nearly succumbing to a vision of economic gloom, equity traders convinced themselves that growth and higher stock [...]

Moment of Truth This holiday shortened week was a volatility sandwich. Tuesday started with a bang as stocks sank and the VIX volatility index shot higher by [...]