"When all the experts and forecasts agree—something else is going to happen.” – Venerated market strategist, Bob Farrell. Read More

One of the early stories of 2021 has been the rapid ascent of bitcoin into the mainstream. Most notably, Tesla reported that it had purchased $1.5 billion worth of the cryptocurrency in January, with plans to accept it as a form of payment in the not-too-distant future. Read More

Below are Evergreen Gavekal's Likes/Dislikes for February 19, 2021. Read More

Below are Evergreen Gavekal's Likes/Dislikes for February 12, 2021. Read More

Until recently, the concept of taking someone or something viral was mostly reserved for content creators and influencers on platforms such as YouTube, TikTok, Twitter, Instagram, etc. However, last month, the phenomenon took on new life, as millions of users on Reddit and Discord effectively took this playbook to the stock market. Read More

A number of years ago, I brought up a stock idea to our investment team because it looked undervalued to me at around $20. It had tumbled from the mid-50s a year or so earlier and was selling at a low price-to-earnings ratio. Due to the fact the S&P 500 had been rising for years, even back then, it was increasingly hard to find undervalued securities, but this company superficially appeared to qualify. The rest of my investment team was unimpressed, however. Read More

Below are Evergreen Gavekal's Likes/Dislikes for February 5, 2021. Read More

Below are Evergreen Gavekal's Likes/Dislikes for January 29, 2021. Read More

In a press conference on Tuesday, President Biden announced that the federal government is working to purchase an additional 200 million doses of Pfizer and Moderna’s COVID-19 vaccines, with the goal of having enough supply to vaccinate the entire adult U.S. population by the end of the summer. Read More

Lewis Carrol’s tale summarizes the intuition behind the paradox of quantum superposition: in Schrödinger’s famous thought experiment, a cat can be both alive and dead at the same time. Schrödinger’s twisted logic was surely required to make sense of a week during which a mob stormed the U.S. capitol and stock prices broke multiple records. Read More