Energy and the Controlled Fiscal Demolition It is a great frustration for HAI to constantly survey the investment landscape for opportunity and [...]
Transitory Goldilocks + De-dollarization = a Golden 2024 Welcome to the new year, beloved HAI readers. It promises to be a doozy. History generally [...]
Happy New Year! With just a few short days before the New Year, HAI would like to wish all readers the happiest of happy New Year’s Eve festivities [...]
Great Expectations & What Isn’t Priced In? The major market event this week was still the same major market event of last week. In this [...]
An Interesting Situation This week was an interesting one. After Wednesday’s FOMC meeting, it’s now fairly clear that Fed chair Powell’s Volker [...]
Patience, Curveballs, and Golden Gifts Many moons ago, Ben Franklin famously said that in this world nothing is certain “except death and taxes.” [...]
Out of the Gate and Ready to Run HAI’s working thesis is that global financial markets are in the late stages of a massive confidence bubble. Amid [...]
Happy Thanksgiving Weekend! This week HAI is just prices. This author wishes all of you the happiest of happy Thanksgivings! See you next week! [...]
Confidence Bubbles and Pipe Dreams This week, the stock market boomed. The number one instigator for the bullish surge in equity prices was a [...]
All the King’s Men This week was nothing short of a bloodbath for the hard asset trade, and, to some degree, a continuation of the sheer bliss that [...]
Writing on the Wall? This week, HAI is coming to you from the Big Easy on the banks of the mighty Mississippi. This author is attending the New [...]
Confidence Sand Piles and Omnipotent Feelings With the MWM “Hard Asset Difference” event on Thursday and weekend travel obligations, this [...]
Playing by the Old Rules Merrill Lynch legend Bob Farrell famously said, “In a shift of secular or long-term significance, the markets will be [...]
A Match to the Powder Keg Friday the 13th rarely lives up to its frightful hype, but this Friday’s iteration of the infamous day actually [...]
Thanks to All Clients! Due to the 2023 MWM client conference on Friday, this week’s HAI will just be prices. MWM deeply appreciates all our clients [...]