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When I last updated the Update, we had just come off an outstanding six-month run, and I wrote, “I don’t know whether this latest burst is nearing its end or has room to run. That said, I’m certainly more cautious today than I was in March. Sharp moves like these are hard to sustain and prone to reversals or pauses.”

Usually, I take a “vacation” each fall by racing around a trail for 24 hours. This year, I decided to do something different, so I headed out to Colorado in June where I solo-hiked Pikes Peak and found myself caught in—literally IN—a hailing thunderstorm about 500 feet from the summit. After hours of sweaty lower-elevation hiking, I was soaked, freezing, and occasionally lost, trudging through thigh-deep snowdrifts. My numb fingers could barely punch out a text to my loved o

We’ve been in a bipolar band since then, with the market dropping one day over tariff worries and concerns about the definition of “astronaut” and rising the next on signs of tariff progress and reports that Gwyneth Paltrow has started eating carbs again.

It looks like I’m getting what I hoped for! The S&P 500 closed Friday about 17% below its high with the NASDAQ off over 22%, officially in bear market territory. The catalyst for last week’s panic was the official announcement of Trump’s tariffs. I must admit to being a little amused and confused that this came as a surprise to anyone. Say what you will about Trump, but he tends to be blunt and transparent and has been very clear about his plans, as have key members of his

The markets have spiced up a bit since mid-February with the S&P 500 touching correction levels last week, down 10% from all-time highs while the NASDAQ was down 12%. The financial media was awash with articles about the “Stock Market Crash” and “Plunging Markets.”

At the end of August, I found myself 24 miles deep into a Grand Canyon hike, climbing the North Rim, just about out of water, the summer...

There’s no better way to anger the investment gods than to brag about past investment performance and wax eloquently about assured future...

2022 overview and current update.

Time for a quick update on some of our favorite topics - bubbles, uranium, oil/gas, gold/silver, and now...Treasury securities.