Weekly: Betting On Delcy Rodriguez
Nicolas Maduro could be hanging out in Turkey right now living the good life under
Macro Vs. Maduro: US Jobs Data Overshadowed By Geopolitics
This week’s news flow will be heavy on geopolitics for obvious reasons, but there’s quite
The Noriega Analogue
On September 28, 2024, I published an ad hoc Monthly Letter to account for “the
Trump On Venezuela: ‘We Are Going To Run The Country’
“This is big stuff,” an exhausted, bedraggled-looking Donald Trump began on Saturday, detailing a brazen
In Maduro Capture, Trump Takes History Into His Own Hands
Well, he did it: Donald Trump deposed Nicolas Maduro in Venezuela. In a spectacularly brazen
US Equity Market Dominance Belies Historic Underperformance
Much as the geopolitical narrative unavoidably turns on the vagaries of Donald Trump’s mercurial policymaking,
Trump Says America To ‘Rescue’ Protesters If Iran Shoots Them
Iran better not “shots” anybody. That’s a direct quote from the leader of the free
As Musk Loses EV Crown, Remember: Tesla’s More Than Cars
Don’t say they didn’t warn you. Four days on from a “highly unusual” decision to
2026 Kicks Off With AI News Frenzy Out Of Asia
New year, same theme: It’s all about AI. Asian tech shares were aggressively bid Friday
Iran Protests Turn Deadly On Sixth Anniversary Of Soleimani Assassination
It was just a matter of time. Iranian state security forces killed at least two
Trump Slaps China Over Venezuelan Oil As Maduro Locks Up Americans
Stay out of it. That, apparently, is Donald Trump’s message to Beijing as it relates
After Turbulent Year, Where To For The Dollar?
Who wants to own a currency issued by an authoritarian government with a huge deficit,
Xi Congratulates Himself On ‘Extraordinary’ 2025 For China
Congratulations to China. When all the math’s done and the meat thermometer confirms the books
What Labor Market Weakness? US Jobless Claims Dive Anew
Is it even worth documenting US jobless claims anymore? I honestly don’t know, because as
Did Tesla Just Deliver A Stealth Sales Warning?
Was that a stealth sales warning? In a move one observer described as “highly unusual,”
Fed Minutes Underscore Divisions As Trump Refloats Powell Lawsuit
Did Donald Trump mention how much he hates Jerome Powell and how badly he wants
Iran Rushes To Address Currency Crisis Amid Trump Threats
The theocracy in Tehran has a bad situation on its hands. The currency’s in a
Venezuela Begins Oil Shut-Ins As Maduro Sings, Dances
Nicolas Maduro’s doing what cartoonish dictators do when the chips are down: Availing himself of
US Home Price Growth Loiters Near Multi-Year Low
Breaking old news (there’s a joke there, don’t miss it): US home values rose at
Iran On The Brink: Currency Collapse May Presage End Game
They’re pissed off in Iran. Although state media did its best to play down the
Russia Says Ukraine Tried To Blow Up Putin’s Country Estate
The Nord Stream sabotage and the assassination of Daria Dugina (in a car bomb likely
Are Everyday People Catching Up To The Housing Bubble?
Surprise, surprise: Contract signings in America’s otherwise frozen resale property market posted another outsized advance
Wall Street’s ‘No Bears Allowed’ Mantra Is 2026 Contrarian Indicator
To be honest, I don’t love the setup for US equities in 2026. And yes,
S&P Aims For Third 20% Gain In Bid To Break Bad Santa Streak
This’ll be a slow week for markets. The data docket in the US isn’t empty,
Don’t Kid Yourself: Putin Can’t Be Placated
At this point, it’s virtually impossible to suggest the Kremlin’s serious about finding its way
Weekly: It’s Not Brain Surgery
A couple of years ago I received a serious-sounding email from a guy who was
Stocks Can Still Go Down Too, Right?
Did you buy the dip? If you’re inclined to ask, “What dip?” I won’t blame
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