Latest Posts

The Season of the Witch

by Zach Marsh on May 8, 2020

I’m really having a hard time letting go of this. I just can’t seem to get my arms around it. I mean our unemployment rate, announced this morning, shows that 14.7% of Americans are now unemployed…and the Nasdaq 100 is up on the year? Even the S&P 500 is now only down 10% on the year. Ten percent? Hell, our unemployment rate just jumped that in one month! What’s ten percent among friends, right?

Don’t Fight the Fed! But Come On, Really?

by Zach Marsh on Apr 10, 2020

The old adage on Wall Street, well “old” is relative going back to maybe Allen Greenspan, is one should never “fight the Federal Reserve.” When the Fed is engaging in monetary easing strategies such as lowering interest rates or, as in the last ten years, outright purchasing of bonds and mortgage backed securities, one would be wise to hop on the Fed’s back and pile into risk-assets.

Q1 2020: A True Black Swan

by Zach Marsh on Apr 3, 2020

“Domestic animals expect food when they see the person who usually feeds them…The man who has fed the chicken every day throughout its life at last wrings its neck instead, showing that more refined views as to the uniformity of nature would have been useful to the chicken.”