General

Below are Evergreen Gavekal's Likes/Dislikes for October 18, 2019. Read More

Central amongst the host of issues currently crowding the global forum is an escalating conflict in the Middle East. Aside from Turkey’s military incursion in Syria over the past week, heightened tensions between Saudi Arabia and Iran continue to cast uncertainty over the region. Read More

Below are Evergreen Gavekal's Likes/Dislikes for October 11, 2019. Read More

In 1999, 547 companies rushed towards public markets looking to capitalize on the zenith of the dotcom era. The vast majority of those companies were comprised of young tech darlings and, all told, companies that went public in 1999 took in a record haul of $108 billion. Read More

Below are Evergreen Gavekal's Likes/Dislikes for October 4, 2019. Read More

In late-July, we published the musings of famed investor and hedge fund manager Ray Dalio in a piece titled “The Instant Classic,” which came by way of another widely admired source, Mike O’Rourke author of The Closing Print. As the title suggests, the work is one of the transcendent pieces that will likely be included in the “Financial Commentary Hall of Fame” when it’s all said and done. Read More

Throughout 2015 and all the way into 2018 the Fed was a bit obsessed with being “normal”. They wanted a “normal” interest rate (justifying rate hikes) and they wanted a “normal” balance sheet (justifying a reduction in that balance sheet). Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 27, 2019. Read More

Below are Evergreen Gavekal's Likes/Dislikes for September 20, 2019. Read More

In the mid-1950s, geologist M. King Hubbert theorized that “peak oil” would come when the maximum rate of extraction of petroleum was reached, after which the production of oil would enter terminal decline. At the time Hubbert presented his theory, he predicted that US peak oil would occur around 1970. The theory appeared accurate for a time, however, pessimistic prophesies on the future of oil have continued to prove false as world oil production has not only risen but hit a new all-time high in 2018. Read More