Here it comes-stagflation

STAG-FLA-TION with a hot PPI and CPI print this week, talking heads will be all over the return of stagflation. Sub-par economic growth and rising input costs across the board will make for…


Markets Watch, Warily, for a Small Bump in Inflation - WSJ.com

We are positioned for this trade with shorts on the XLU and put option on it as well as puts on the Vanguard Utility ETF, VPU.  Both of which have made nice runs this year and could pull back some on…


Wage Pressure Begins to Build - WSJ.com

We wrote in our quarterly letter that we expected inflation to rise more than expected.  The CPI and PPI next week should give the new Fed Chairperson, the chance to exhibit her inflation fighting…


How predictive is insider buying? Ask the folks at Merrimack.

We mentioned in our quarterly letter than we had picked up small stakes in handful of beaten down biotech stocks that insiders were buying.  One of those was Merrimack, the largest percentage gainer…


Gold was a big loser in 2013. Why it could be different this year.

I believe that you will soon see a noticeable and rather unwelcome uptick in inflation due to the rise in asset prices and the improving employment picture. The Federal Reserve has a dual mandate, to…


Buying the winners is a sure fire way to lose

When I trained brokers at Paine Webber we used to bring in mutual fund wholesalers to pitch us their latest and greatest funds.  It was an optional meeting and had good attendance.  After all it was…


UAL insider likes we he sees, maybe you should too

  DJ United CEO Back in Market; That's Been Harbinger -- Market Talk 15:48 EDT - United Continental (UAL) CEO Jeff Smisek's purchase of 20K shares Monday "bodes quite well" for the airline's…


1st Quarter 2014 Partner Letter

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Why stocks may be sniffing out inflation

Why stocks may be sniffing out inflation.  Is it time to buy gold or gold miners?  We think its a favorable trade.  It wasn't that long ago that it was gospel to have 5-10% of a conservative…


Trading Desk Photos - Business Insider

Trading Desk Photos - Business Insider.   Yours truly  about 17 down or so. The  one from Park City of course. Not a bad place to have to trade from.