EUROPE’S ENERGY CRISIS IS KEEPING ENERGY PRICES HIGH
America leads the world in oil and gas production. We believe midstream energy infrastructure offers predictable cash flows to investors.
Are Hedge Funds Beginning to Right Size Themselves?
There are some signs that the hedge fund industry is moving towards a more appropriate capital base. Leo Kolivakis, who covers hedge funds and other classes of investment for Canadian pension funds, noted that outflows from hedge funds have picked up recently. Mediocre returns delivered at great expense for several years may be starting to focus […]
The Government's Stealthy Heist
It might strike some a hyperbole to accuse the government of stealing taxpayers money – up there with the conspiracy theories around JFK’s assassination or the staging of the Apollo 11 moon landing in a warehouse in Hollywood. But it’s just the sorry Math confronting savers, most recently highlighted in a CNBC article yesterday. Conventionally, lowering […]
Buoyant Natural Gas Lifts Stocks
Natural gas is +6% today, in part no doubt because stocks are being rebuilt at slightly faster than over the past five years, according to the Energy Information Agency (EIA). Of course a mild winter like last year will lead to another excess of supply, although the continued switching from coal to gas in energy production […]
No Surprises Except the Rally
Over the past few days a few not very surprising things have happened. From Der Spiegel (as reported in the FT) German Chancellor Merkel has concluded that Greece must stay in the Euro and is now focused on ensuring this happens. Although many people (including apparently a majority of German voters) believe Greece should be […]
Don’t Go Away in May
Sell in May and Go Away is an easily remembered rule that worked very well for the past two years. Last year from April 30 to August 31, the S&P 500 lost 11%. Over more than fifty years it’s been sound advice 47% of the time so slightly less effective than a coin flip. However, […]