Postcards: Pencil Thin Mustache

Don't be afraid to make your own fun...

Market Update: Happy to report that our pick of the year - Ardmore Shipping (ASC) is now up 63.5% in 2024. Liquidity and momentum remain VERY strong right now. We saw a huge swing higher for Bitcoin and Ethereum, a sign that there’s plenty of money on the sideline ready to attack our ongoing bout of monetary inflation. It’s quite an interesting market with the 10-year bond at 4.4%. I still argue that the 10-year yield needs to go up… not down over the next few years, and the Treasury Department is still dealing with a massive refinancing challenge. We can only use the market as a hedge and look to outpace inflation and the money pump. We’re Green across the board, and Energy is getting a bid. Great time to revisit the midstream sector.