With aerospace and defense in the spotlight, we turn our own spotlight to the sector. We find a generally weak Narrative structure with a lot of vulnerability to positive and negative events. We also find some interesting shift in project-specific narratives for Lockheed Martin (LMT).
When an inflation regime shifts, the only question that really matters for your investments and your business model is this: do you have pricing power?
Pt. 1 of a three-fer Brief series … why the worst place to be in any services industry is on the product side.
Billionaire penthouses, vertical integration in cannabis, non-musical music power, and a shifting tone in tech.
Time to resurrect an old Epsilon Theory feature and make it a regular thing. Because the ET pack has a voice that’s worth hearing.
An American mutual fund gatekeeper does PR for China, DNC gunning for Wall Street, multiple missionaries live from the pulpit in Davos.
Talking ourselves into a recession, trusting our employers, and a fine example of government shutdown Fiat News.
Welcome back, folks. Today, it’s all about cloud and blockchain, but no cannabis. Also: tech earnings, Trump can’t make a deal, and corporate debt.
A generation of investors has Paul Volcker to thank for almost 40-years of slowly falling rates. He handed countless baby-boomers a free 100 points of investing IQ, for which most never thanked him. It was as good as it gets.
More than ever I can hear the approaching hoofbeats of the Fourth Horseman – a regime change in inflation expectations. The hooves are still distant, and you’ll have more bites at the portfolio-preparation apple as global growth concerns in China and Europe persist. But prepare you should.
The gyre widens again, and if we are not careful, it will force us into positions that require us to deny the basic humanity of our fellow citizens. Reject it.