Postcards: One Day Blow

With the markets red... let's remember baseball... writing... and the people who shape you. Remember where you come from... one metaphor at a time.

Market Update: Interest rates are rising, but the higher low portion of our momentum channel is in full effect. Stay patient and vigilant, as the 2-year US Treasury bond is in really scary territory at roughly 5%. The Fed will inevitably engage in Yield Curve Control - with actions taken as soon as May. That will change how capital is allocated - and likely spur some optimism about liquidity and markets through 2025. Energy and materials are recovering today despite the downturn in both oil and gold. There are still simmering tensions at the moment around Iran and Israel. There remains a lot of upside in oil should things turn sideways… but we’re not there just yet.

“You can't do anything about the length of your life, but you can do something about its width and depth.” - HL Mencken.

Dear Fellow Expat:

Imagine - if you will - my teenage self… standing before a room of similar-aged boys and reciting Mending Wall by Robert Frost.

It’s like something out of Dead Poets Society.