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 [...]
Energy Reality vs. Goldilocks Fantasy As HAI has described several times, the Fed is trapped. Inflation hasn’t given the monetary maestros credible [...]
A Period of Consequences This was a very volatile week on Wall Street as asset prices whipped around at breakneck pace. Ultimately, however, the [...]
Black Gold, Yellow Metal, and a Green Light In this week’s update of the University of Michigan Surveys of Consumers, survey director Joanne Hsu [...]
Making Sense of Mixed Signals This was a down week for most asset classes. Stocks, cap-ex commodity metals, precious metals, and Treasurys were all [...]
The Gift of Loved Ones This author is incredibly thankful for the opportunity to spend the current long weekend with loved ones. While markets are an [...]
Keep Your Eye on the Ball This week’s highlights feature both weak and weaker-than-expected economic data in the US and around the globe. Consumer [...]