Playing it Safe with Gold, Global and High Yield Values
7.5% Yield Portfolio Allocation. The US stock market is historically overvalued and should generate low single digit returns for the next decade. The enormous success of US technology has led to a bubble in the Magnificent 7 stocks and an irrationally exuberant market sentiment. We believe the best future returns will not be generated by […]
Did DeepSeek Burst the Bubbles in Nvidia and Stock Market?
By several measures this letter will show how the US stock market is in a bubble and prone to a collapse. We believe that this past week’s announcement by DeepSeek of a low-cost large language model could be the proverbial straw that breaks the back of this parabolic mega cap market leading to a pronounced […]