This week we present an interview with Louis-Vincent Gave of Gavekal and Yra Harris, a seasoned macro-global trader and frequent analyst on Bloomberg and CNBC, who discuss U.S.-China relations, industrial policies, and economic strategies. The dialogue explores the parallel stimulus approaches of Trump and Xi, offering insights into their impact… Read More
This time last year, we explored whether the IPO market would rebound in 2024 after several challenging years. The article featured two perspectives: one from Marina Temkin of PitchBook, who expressed skepticism about a 2024 resurgence, and another with a more optimistic outlook on IPOs to watch. While the… Read More
In 2018, Donald Trump decreed that no one would be allowed to sell high- end semiconductors to China any more. This came as an electroshock to the Chinese leadership, which had perhaps overlooked the country’s dependence on semiconductor imports. From that point on, China not only accelerated the development of… Read More
Cryptocurrencies have undergone an astonishing evolution over the past 15 years. What began with Bitcoin’s (BTC) launch in January 2009 has grown into a dynamic yet highly volatile asset class, capturing the attention of individual investors, financial institutions, and governments worldwide. Bitcoin, often referred to as “digital gold,” has generated… Read More
TLT.US, the long-dated US treasury ETF, is back trading below its 200-day moving average, and on current form is looking at its fourth year running of negative price returns. Not that this sell-off reflects any lack of retail investor enthusiasm for US bonds. Quite the contrary. As US treasuries pulled… Read More
Liquidity has always been a significant challenge for early- and growth-stage venture investments. In recent years, this challenge has intensified, with mergers and acquisitions (M&A) and exit opportunities becoming less frequent. To tackle this issue, venture capital firms have increasingly turned to a tool called a “continuation fund.” A… Read More
In today’s podcast, Wealth Consultant, Kaeli Kaainoa, CFP®, sits down with our Senior Analyst, Gherman Howell for a deep dive into the past 18 months for equity markets, focusing on the so-called “Magnificent 7” – Apple, Microsoft, Nvidia, Google, Amazon, Meta, and Tesla. After the rotation to value in 2022,… Read More
US presidential elections are terrific entertainment. Given their cost (a couple of billion US dollars for either side), this is just as well. This uniquely elevated price point might help to explain why every election is “the most important in our lifetime” and a “genuine toss-up” between the two main… Read More
After a decade of strong performance, early-stage and growth companies have faced significant challenges since early 2022. These challenges include rising interest rates, reduced exit activity, and falling valuations. To illustrate the shift from a bull to a bear market for VC-backed companies, consider the following two charts. The first… Read More
In setting out their election platforms, both Democrats and Republicans want to address housing affordability, which has become a hot-button issue for US voters. Two and half years of tight monetary policy has left potential homebuyers unable to afford a new property and persuaded potential sellers that they should sit… Read More
