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Political Uncertainty Continues Caution! Historically high valuations and exuberant sentiment Rising interest rates drive growth to value rotation Rising Covid-19 lockdowns could trigger a Q1

•    Election results will be challenged in court and uncertainty could persist through January 5th. •    The Senate appears to stay Republican, leaving a divided

Technology stocks peaked on September 2nd. Our recent cautionary advice sets up election investment opportunities. We examine a blue wave and a potential Amy Coney

The technology sector peaked on September 2nd and declined in September. Buffett and Shiller indicators show today’s market valuations are extreme. Trump’s COVID-19 diagnosis and the

39 years ago, the 10-year US Treasury yield peaked at 15.312% and interest rates began declining. On August 27th, Federal Reserve Chairman Jerome Powell presented the

Sell gold and precious metals like GLD, GDX and SLV. Sell Big Tech like AMZN, AAPL, FB, GOOGL and MSFT. Pivot investments for an economic

The COVID-19 tragedy is entering its final stages. The rate of coronavirus spread and death have slowed. Social distancing policies and stay-at-home orders have mitigated

In response to the COVID-19 epidemic and the March 9th OPEC+ oil collapse–two Black Swans–the S&P 500 declined 35% between February 20th and March 23rd.

MLPs have historically compelling valuations with unusually high yields. MLPs experienced multiple black swan events creating extreme bargains. Relative to Treasuries, MLP prices are three

MLPs are at historically low prices and historically high yields. MLP cashflows are stable with single digit downside Relative to Treasuries, MLP prices are three

The Fed Model is a screaming buy–highest levels in three decades. •    High yielding investments with good underlying cashflows like KYN and KMF are compelling.

Market decline of 33% on par with 1987. •    MLP Treasury spreads at historic levels. •    MLPs have stable cash flows. •    KYN looks especially