Postcards: Misinformation, Market Concentration, and Momentum

The Three M's? Nah, we're just very uncreative due to a lack of sleep, a fleeting stomach bug, and a crash of deadlines all at the same time.

Market Update: The CPI figure came in higher than expected, fueling the argument that the market will see interest rates at “higher for longer” levels. This wasn’t surprising, given the sharp move lower in recent days from utility stocks, which seemed to telegraph the impending move lower. We’re cautious heading into earnings season as the current pathway resembles the sharp selloff in January 2022.

Dear Fellow Expat:

One of the key rules of the Florida Republic is our focus on transparency.

We’re not in the business of sending emails suggesting there’s a “weird trick” you can do to get wealthy quickly. We don’t hide our investment strategies - as we’ve recently explained in the subject of our recent portfolios. We give away our Market Timing signal based on various momentum oscillators and assessing capital flows in and out of the market.