The Next FOMC Meeting Could Be Historic This week, HAI is being composed in the skies high above America—regrettably, in a plane with no Wi-Fi. A popular [...]

Commodity Bull – Now or Later? This week, major market indexes were mixed. The Dow Jones Industrials dramatically underperformed, the S&P 500 was also [...]

A Perilous Path It may not be the return of the “everything bubble” just yet, but the “everything rally” has certainly taken hold of both markets and [...]

Signs: What’s Here Today and What’s Coming Tomorrow Stock markets started 2023 under pressure, but finished the new year’s first trading week on a strong [...]

Unfinished Business from 2022 Happy New Year to our MWM clients and all HAI readers! With holiday festivities ongoing, HAI will merely offer some thoughts to [...]

Merry Christmas! Merry Christmas to our MWM clients and all HAI readers. With holiday festivities fully ramped-up, HAI will just offer prices for this week. [...]

Anatomy of a Yard Sale This Friday was a festive one at the McAlvany offices in Durango. A holiday decorating competition inspired impressive efforts along [...]

An Object in Motion In a week light on macroeconomic data and void of any Fed speakers, markets still adopted a decidedly defensive posture. The S&P 500 [...]

Risky Business This week marked the latest in a consecutive streak of fascinating weeks for markets throughout the remarkable year of 2022. The risk-on rally [...]

Happy Thanksgiving, and 2023’s Story HAI wishes all readers and MWM clients a very Happy Thanksgiving weekend. Family time is a blessing for this author, and [...]

Just Prices This Week Due to a full day of travel, HAI is limited to prices only this week. Nevertheless, HAI does have one important insight to share. Flying [...]

The Return of FOMO and Catch-22 Last week, HAI referenced a letter to clients penned by Elliot Management. In it, the world-class hedge fund warned its clients [...]

Hope in the Lesser of Two Evils This week marked another significant chapter in our ongoing and evolving saga. Consequential events revolved squarely around [...]

Volker or Burns? On the eve of another crucial Federal Reserve FOMC meeting next Wednesday, expectations are a near lock that amid the Fed’s ongoing rate [...]

Defensive—for a Reason This week, major market indexes in the US recovered from the brink. Commodities were volatile and mixed, the dollar had a rare [...]