Gold

The Fed is likely to continue to talk up the US economy. And I believe markets will react. With the yield curve at 32 basis points spread between 2- and 1-year Treasuries, we still have scope for further curve flattening.

We're in the midst of another technology bubble. And Tesla has benefitted greatly. When this bubble pops, where will Tesla be?

The US jobs number just came out and the figures were quite good. Two-year yields spiked on the news.

I continue to believe that the bond bear market thesis is flawed. Money managers following it will lose a lot of money.

This post was originally published on Patreon on 30 May 2018 Yesterday I said that I believed the Italian meltdown presented a buying opportunity because it was not existential. And today, calm has returned, actually sooner than I had…

For now, think of Italy as a short-term risk-off trigger that has limited longer-term impact. To me, this presents a buying opportunity.