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Porter’s Daily Journal
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All researchHere’s a contrarian look at “liquidity” (from Alf via X)…
Read articleThe effects of the Fed’s aggressive tightening cycle are likely only now beginning to be felt (from Otavio Costa via X)…
Read articleGovernment money printing is creating a “cost of living crisis” (from Sam Callahan via X)…
Read articleA simple three-step framework from one of the most successful investors you’ve never heard of (from Kyle Grieve via X)…
Read articleA rare letter from Warren Buffett many investors have never read (from Kingswell)…
Read articleBerkshire Hathaway Vice Chair Charlie Munger passed away late last month at the age of 99. Here’s a remarkable story of some of the adversities he overcame to become one of the most successful investors in history (from Kevin G. via X)…
Read articleMunger’s advice on risk management was as simple as it was powerful (from The Long View via X)…
Read articleHere’s a summary of 12 of Charlie Munger’s most important insights on life and investing (from Compounding Quality via X)…
Read articleChris Mayer: Exclusive Conversation and Book Download
Read articleThe big story in November was the dramatic return of risk-taking, as easing long-term interest rates and better-than-expected inflation data fueled renewed hopes of a “soft landing.” For example, large-cap tech stocks – represented by the Invesco QQQ ETF – saw their largest weekly inflows on record (from Barchart via X)…
Read articleBullish options bets on small-cap stocks – via the iShares Russell 2000 ETF – also soared to a new record high (from The Daily Shot)…
Read articleAnd high-yield corporate bonds saw their biggest monthly inflows in at least five years (from Bloomberg)…
Read articleThese moves occurred alongside a violent reversal in investor sentiment. This includes the largest one-week decline in bearish sentiment (from 50.3% to 27.2%) in the history of the American Association of Individual Investors (“AAII”) weekly survey (from AAII)…
Read articleWith positive year-end seasonality kicking in (see Economics and Markets below), this rally could certainly continue a while longer. But history continues to suggest those betting heavily on a soft landing are likely to be disappointed (from Bloomberg)…
Read articleStanley Druckenmiller made a “massive” bullish bet on two-year Treasury notes this month (from Bloomberg)…
Read articleForeigners are no longer buying U.S. Treasury bonds like they used to (from The Daily Spark)…
Read articleWhy the Treasury’s recent QRA shift is unlikely to be a long-term “fix” for the government’s funding problem (from Joseph Wang)…
Read articleThe government’s debt-service costs continue to soar (from Jesse Felder via X)…
Read articleMoody’s Investors Service cut its ratings outlook on U.S. debt this month (from CNBC)…
Read articleYields on emerging-market bonds fell below those on U.S. Treasury bonds for the first time in history this month (from Jesse Felder via X)…
Read articleFund managers are wildly bullish on Treasury bonds (from Bloomberg)…
Read articleThe Fed’s rate hikes are finally starting to weigh on weaker corporate credits (from The Daily Spark)…
Read articleA recent survey finds junk bonds are the most popular “contrarian” bet among investors today (from Bloomberg)…
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