Quality & Scarcity: Keys for Higher Gold During the brief, holiday-shortened week on Wall Street, economic data again came in stronger than expected and [...]

Hope Amid Dangerous Times The pre-party was alive and well in financial markets this week as America looks forward to Independence Day celebrations. The [...]

Higher For Longer—Into The Teeth of Trouble This week, HAI is necessarily brief. The author is currently flying high over the beloved United States. As a [...]

“Prudent” Amid FOMO, POMO, and MOMO This week, in the wild world of markets, fear of missing out (FOMO) has turned into full-on panic of missing out (POMO) [...]

Trading Places This week in 1983, the hit film Trading Places was released in theaters. Forty years later, financial markets may be preparing for some trading [...]

“May you live in interesting times” is said to be an ancient Chinese curse. HAI doesn’t know about Chinese curses, but is certain that these are [...]

The “Unpleasant” Tsunami This week, market action was primarily dominated by two factors: the developing “baby-bubble” in generative artificial [...]

Thanks to All Our Clients! The MWM team members would like to express our gratitude to the clients who joined us this past Thursday for the Q1 2023 MAPS client [...]

Into the Storm After another week of data, news, and market moves, the bottom line for markets and the economy is unchanged. In HAI’s view, markets and the [...]

Precious Truth Our modern-market circus kicked off this week with the second largest bank failure in US history as First Republic Bank went bust. The seismic [...]

Crisis is a Process The market narrative this week was split between stagflation, as economic growth slows but elevated inflation signals remain far stickier [...]

Author Nassim Taleb accurately observed that, “experience in finance with a discount rate near zero is like having studied physics except without gravity.” [...]