We are only six days into the year, but most investors must hope that the adage “as January goes, so goes the year” does not hold true for 2022. Read More

Despite huge supply chain disruption, rising inflation and a more-hawkish-than-expected central bank, the S&P 500 index rose a whopping 27% last year and along the way... Read More

Below are Evergreen Gavekal's Likes/Dislikes for December 31st, 2021. Read More

Over the past three years, we’ve published three separate newsletters highlighting burgeoning startups that were expected to hit public markets in 2019, 2020, and 2021. Read More

What has been the most surprising financial event of 2021? The 20% gain in equity prices, the 40% jump in oil prices and even the fivefold leap in US inflation may all have been bigger than expected, but they were at least directionally understandable consequences of the fastest growth in the world economy for 40 years. Read More

Below are Evergreen Gavekal's Likes/Dislikes for December 24th, 2021. Read More

It’s not an exaggeration to say that the raging debate about whether inflation is transitory or persistent is the most important “opinion exchange”, at least for market participants.  Of course, this assumes China doesn’t invade Taiwan, and that Russia doesn’t attack the Ukraine, and Omicron remains highly transmissible but not very virulent.  Read More

Below are Evergreen Gavekal's Likes/Dislikes for December 17th, 2021. Read More

Below are Evergreen Gavekal's Likes/Dislikes for December 10th, 2021. Read More

Last week’s EVA pointed out the considerable damage that has occurred below the placid surface of the US stock market.  It also urged taking advantage of the stealth sell-off, particularly with regard to those market segments of a more cyclical nature. Read More