The Anatomy of a Threshold Rebalance: April 2025
An investor with a rule‑based policy rebalanced his retirement portfolio in April 2025 after a 15% equity decline triggered by the "Liberation Day" tariff announcement. Using a threshold rebalance, he sold overweight bonds and bought underweight stocks within a tax‑advantaged account, avoiding capital‑gains tax. Over the next nine months the reallocated equity outperformed the broader market by roughly 20%. The experience highlights how disciplined, rule‑driven rebalancing can capture market dislocations without emotional bias.
How to Cancel a Home Equity Loan | 3-Day Rule
Federal law grants borrowers a three‑business‑day right of rescission for home‑equity loans and HELOCs on their primary residence. The rescission period begins only after the borrower signs the loan, receives the Truth‑in‑Lending disclosure, and gets two copies of the Notice...
Sugar Gives Back Early Gains as Supply Outlook Caps the Market
Sugar futures saw a sharp rally early in the week as rising crude oil prices boosted Brazil's ethanol‑linked support, but the gains evaporated once oil retreated and long positions were liquidated. The market’s focus has shifted to growing surplus expectations,...
10 Best Non-Tech Stocks to Buy and Hold for 5 Years
The article spotlights ten non‑tech stocks deemed optimal for a five‑year hold, positioning them as the core of the emerging HALO (Heavy Assets, Low Obsolescence) investment trend. It argues that investors are rotating out of AI‑centric Mag 7 names toward sectors...
China’s Gig Economy Tsunami: 200M Workers on the Edge
China’s economy is shifting from labor‑intensive manufacturing to capital‑intensive high‑tech sectors, creating fewer traditional jobs. The Ministry of Human Resources reports over 200 million “flexible” platform workers—about 27 % of the national labor force and 43 % of urban workers. These gig workers...
Crude Oil Day Trading Strategy
Crude oil’s deep, liquid futures market makes it a prime playground for day traders and systematic strategies. A 2019 study found that the price movement in the first half‑hour of trading (9:30‑10:00 a.m. EST) reliably predicts the final half‑hour (3:30‑4:00 p.m. EST)....
How Much of Your Portfolio Should Be in Stocks?
A new Yale working paper challenges the ubiquitous “100‑minus‑your‑age” rule for equity allocation, showing it costs investors about 2 % of lifetime consumption compared with the true optimum. The research treats future salary as human capital—a bond‑like asset that dramatically shifts...
Strategic Mineral Prices Today – 13 March 2026
The March 13 strategic mineral price bulletin shows a mixed market landscape. Chrome concentrate climbs to $300‑315 per tonne, while lithium carbonate and hydroxide slump to $10,200‑$14,800 and $9,800‑$14,200 respectively. Copper rebounds above $9,750 per tonne, nickel retreats to $14,600‑$17,200, and...
The Macroeconomic Consequences of Undermining Central Bank Independence: Evidence From Governor Transitions
An IMF study of 132 central‑bank governor transitions across 28 economies finds that politically motivated appointments erode independence and alter macro outcomes. Such governors are linked to higher, more volatile inflation and cause professional forecasters to anticipate dovish policy. Following...
Analyze Comps Vacant Land: Complete Guide (2026)
Analyzing comparable sales, or comps, is essential for vacant‑land investors to determine realistic market values based on size, location, and zoning. By reviewing recent transactions, investors can gauge price gradients influenced by amenities, infrastructure, and regulatory shifts. Accurate comps prevent...
Wheaton Precious Metals Corp. (WPM): Silver Production Growth and Sustainable Mining Investment
Wheaton Precious Metals Corp. (WPM) granted a $1 million award to Cetos Water for a solvent‑based technology that turns mining wastewater into reusable water. The company reported fourth‑quarter silver production of 22,434 ounces, hitting the top of its guidance range, and...
Is Fortuna Mining Corp. (FSM) One of the Best Silver Stocks to Watch for in 2026?
Fortuna Mining Corp. (FSM) is highlighted as a top silver stock to watch in 2026, with analysts estimating a 22% upside. The company posted record Q4 cash flow of $132.3 million and a 40% revenue jump to $947.1 million for the full...
Gold Buying Prices in Zimbabwe per Gram/ Ounce, 13 March 2026
Fidelity Gold Refinery (FGR) released its latest gold buying rates for Zimbabwe on March 13, 2026. The fire‑assay cash price for gold above 100 g is $155.80 per gram ($4,845.72 per ounce), while SG 90 %+ gold commands $154.98 per gram. Prices decline...
Uzbekistan Is Gathering Pace – What to Look at Now
Uzbekistan is attracting renewed investor interest thanks to its rapid demographic expansion and a wave of financial reforms. The country’s fertility rate of 3.5 children per woman fuels a yearly population gain of 700,000, creating a large, educated consumer base....
Next Up: Food Inflation
Rising energy costs are pushing nitrogen fertilizer prices higher as natural gas, the primary feedstock for the Haber‑Bosch process, spikes. The price surge cascades through urea, ammonium nitrate and ammonia, inflating the entire fertilizer supply chain. Higher input costs translate...
Caterpillar Inc. (CAT): Our Calculation of Intrinsic Value
Caterpillar’s discounted cash flow model estimates an intrinsic share price of about $182, far below the current market level near $707, indicating a roughly 74% negative margin of safety. The analysis applies a 10% discount rate, 3% terminal growth, and...
Crocs, Inc. (CROX): Deep Value Global Footwear Consumer Brand
Crocs, Inc. trades at an Acquirer’s Multiple of 6.70 and an IV/P of 1.4, indicating roughly 40% upside under conservative valuation. The company generates $659 million of free cash flow, delivering an 11‑12% FCF yield on enterprise value, and maintains a...
The Executive-to-Investor Transition Nobody Talks About
The article highlights a growing shift among senior women executives from earning salaries to becoming active investors. As they accumulate wealth, many are confronting an identity transition, leveraging strategic and operational skills to navigate private markets. Community salons hosted by...
Nickel Market Could Turn Deficit Due to Indonesia Quota, Says Macquarie – by Staff (Mining.com – March 11, 2026)
Macquarie Group warns that Indonesia's new nickel production quota could push the global market into a deficit this year. The December 2025 policy tightens supply to counter a glut, already lifting prices of nickel metal, nickel pig iron, nickel sulfate...
Hedge Fund Tips with Tom Hayes – VideoCast – Episode 334
Tom Hayes hosted Episode 334 of Hedge Fund Tips VideoCast, focusing on the recent "Clean Bill of Health" market sentiment report. The discussion highlighted a swing to positive investor sentiment in early 2025, with equity valuations nearing pre‑pandemic norms. Hayes...
Canadian Building Intentions Surge, Mostly Government Spending
Canadian building permits rose 4.8% to $13.3 billion in January, but inflation‑adjusted values only reached $12.3 billion, still below pre‑2023 levels. Residential permits increased 1.8% to $8.0 billion yet fell 9.4% year‑over‑year, with single‑family permits up 8.9% and multi‑family down 1.5% amid a...
What, Me Worry?
Investors confront two distinct threats to wealth: inflation and market bear markets. Historical data shows bear markets can plunge 20‑50% in months, with recoveries ranging from five months to seven years, while a steady 3% inflation rate trims purchasing power...
Ridley: The Gas Price Shock Will Expose Britain’s Catastrophic Energy Misjudgment
The recent surge in global natural‑gas prices has laid bare Britain’s over‑reliance on imports, costing households roughly three times what Americans pay. The author argues that a decade‑old decision to ban on‑shore shale fracking has left the UK vulnerable, missing...
Stagflation Sojourn
U.S. equities posted their worst weekly decline in nearly a year as an energy‑driven stagflation scenario unfolded following a sharp spike in oil prices tied to the closure of the Strait of Hormuz. The article attributes the shock to escalating...
Market Derelict On Oil Inflation Risk, Albert Edwards Says
Albert Edwards warns that markets are overlooking the inflationary pressure from a new oil price spike, arguing that bond yields could rise if the risk is ignored. He notes that unlike the previous surge, stimulus cash has largely vanished, so...
Foreclosure Auctions Surged in Q4 Last Year—These States Saw the Biggest Increases
Foreclosure auction notices jumped sharply in December 2025, with 23,235 filings representing a 25.1% month‑over‑month rise and a 68% year‑over‑year increase. The surge was most pronounced in Texas, which logged over 4,100 notices and a 36% monthly gain, while Ohio, North...
The SPR Release: Why Did Oil Prices Increase? (Video)
Oil prices rose despite the International Energy Agency and U.S. government announcing a large Strategic Petroleum Reserve (SPR) release. Analysts say the release was too modest to offset ongoing supply constraints from OPEC+ cuts and heightened geopolitical risk in the...
At The Money: Pursuing Alpha Through Exchange-Traded Funds
In the March 12, 2026 episode of "At the Money," Wes Gray of Alpha Architect explains how quantitative ETFs can deliver "poor man’s" alpha by embedding systematic factor exposures within low‑cost, tax‑efficient wrappers. He outlines the firm’s product lineup—including momentum,...
SS&C GlobeOp Hedge Fund Performance Index and Capital Movement Index
SS&C Technologies reported that its GlobeOp Hedge Fund Performance Index posted a 0.59% gross return for February 2026. The accompanying Capital Movement Index rose 0.87% in March, marking a 12‑month high of 129.47 points. The index, which tracks assets administered...
USDCAD Technicals: The Ceiling for the Week Is Being Tested. Can the Buyers Push Above It?
The USDCAD pair is testing a well‑defined resistance ceiling at 1.36065, matching the week’s high. Repeated failures at this level have made it a critical barometer for market sentiment. A decisive break above could unlock bullish momentum toward the 50%...
Dividend Aristocrats List For 2026
The S&P 500 Dividend Aristocrats index for 2026 comprises 69 companies that have raised their cash dividends for at least 25 consecutive years. To qualify, firms must belong to the S&P 500, have a float‑adjusted market cap of at least $3 billion and...
The Cause of Australia’s Rental Crisis Is Clear
The article argues Australia’s rental crisis is primarily caused by rapid post‑pandemic immigration outpacing the construction of higher‑density housing. Data from the Commonwealth Bank shows a strong correlation between population growth and rent inflation, with national advertised rents rising 47%...
Ruling Party Proposes Bold Vision to Transform Zimbabwe Into Global Battery Manufacturing Hub
Zimbabwe’s ruling ZANU‑PF party announced a strategic push to transform the country from a raw lithium exporter into a full‑stack battery manufacturing hub. The plan highlights the recent attraction of four of the world’s top six lithium firms and the...
TMTB Morning Wrap
Futures slipped 60 basis points as oil prices stay elevated, driven by tanker incidents in Iraqi waters, Oman's export‑terminal clearance, and Chinese refiners canceling cargoes. Asian equity markets opened lower, with the Nikkei and Taiwan indices down over 1%, while...
The USD Is Mixed as the Market Prepares for the North American Session
The U.S. dollar opened the North American session mixed, firming against the euro and pound while slipping against the yen after testing 2026 highs. Technical analysis highlights key support and resistance levels on EUR/USD, GBP/USD and USD/JPY as traders brace...
Why Credit Tenants Still Matter in Today’s Office Market
Target Corp paid nearly $110 million to buy out its roughly one‑million‑square‑foot lease at Minneapolis’s City Center tower after vacating in 2021. The deal underscores how credit‑worthy tenants can provide landlords with stable cash flow and sizable termination payments even when...
UnitedHealth at Barclays: Pricing for a New Baseline
UnitedHealth used its Barclays Healthcare Forum to lay out a cautious 2026 outlook anchored by a 10% Medicare cost trend and modest Medicaid rate gains, while flagging that 2027 should see the payoff from AI‑driven efficiency and OptumHealth margin recovery....
Maybe *All* Rental Housing Should Be Owned by Large Institutional Investors
The author challenges the growing political push to ban large corporate landlords, suggesting that an extreme opposite—where institutional investors own all rental housing—might be equally unwise. He notes that corporate landlords currently hold only a small fraction of U.S. homes,...
KOSPI -0.48% / KOSDAQ +1.02%: Energy Security & Defensive Infrastructure
KOSPI slipped 0.48% to 5,583.25 while KOSDAQ rose 1.02% amid a sharp jump in WTI crude to $92.98, heightening cost pressure on energy‑intensive Asian hardware firms. Foreign investors dumped roughly 1.78 trillion KRW of semiconductor stocks, yet poured capital into Hyundai Energy...
Charlie Munger: 10 Financial Mistakes That Quietly Trap the Middle Class
Charlie Munger outlined ten persistent financial mistakes that ensnare the middle class, ranging from overspending and ignoring compounding to envy‑driven purchases and reliance on conflicted advisors. He emphasized that simple, disciplined habits—living below one’s means, continuous learning, and patient investing—are...
Grocery Prices Continue to Rise
Grocery prices are climbing faster than last year, according to recent CPI‑food‑at‑home data. The Bureau of Labor Statistics shows a year‑over‑year increase of about 5% in the first quarter of 2024, outpacing the 2023 rate. The Economic Research Service’s forecast...
FINANCIALS: Black & Blue Owl
The International Energy Agency (IEA) has launched a historic 400 million‑barrel emergency oil release, the largest in its 52‑year history, after the Strait of Hormuz closure removed roughly 20 million barrels per day from global supply. Brent crude rose $6.50 to $98.68,...
Trump: “The Straits Are in Great Shape”
Brent crude futures are again nearing the $100 per barrel threshold as market volatility climbs. The United States crude price volatility index has surged alongside spot price gains. Analysts estimate only a 45% chance that Strait of Hormuz traffic will...
GEOPOLITICS DOESN'T CHANGE PRICES IN THE LONG-RUN?
The piece argues that geopolitical shocks, while capable of causing short‑term commodity price spikes, do not alter the long‑run pricing trajectory, which is anchored in supply‑demand fundamentals, technological progress, and investment cycles. It cites historical data showing oil, copper and...
Dollar Takes over From Gold for Now
Gold is losing its traditional safe‑haven status as it increasingly moves in tandem with equity indices and opposite the U.S. dollar. The dollar’s recent strength has turned it into the preferred short‑term store of value, leaving gold vulnerable to equity...
Pzena: When a Value Index Stops Looking Like Value
Pzena Investment Management argues that the Russell 1000 Value Index has drifted from a pure‑value construct, now holding hundreds of mega‑cap technology names alongside traditional value stocks. The index’s broadened composition makes it resemble a broad market basket with a...
Why Marlboro Gold Is Better Than Gold
A forum post argues that Marlboro Gold cigarettes can serve as a more practical crisis‑time store of value than gold. It draws on the author’s experience in high‑security prisons, where tobacco functions as a reliable medium of exchange. The piece...
Excelsior: Opportunities In Growth-Oriented Silver Producers – Part 16
Excelsior’s latest newsletter spotlights growth‑oriented silver producers amid a surge in silver prices, which have hovered between the low $70s and low $90s per ounce. The metal is now trading at the highest average quarterly price ever recorded, driving heightened...
Canada’s Rental Bubble Moves East: Halifax Nears Toronto Prices
Statistics Canada data shows that while headline rents in Toronto and Vancouver cooled modestly in Q4 2025, the gap with traditionally affordable markets has narrowed dramatically. Halifax’s average asking rent for a two‑bedroom unit reached $2,260, about 84% of Toronto’s $2,670,...
How to Get Equity Out of Your Home Without Refinancing | 2026
Homeowners can tap their property’s equity without refinancing by using a range of products such as home equity loans, HELOCs, home equity agreements, sale‑lease‑back deals, second‑mortgage combos, reverse mortgages, and secured personal loans. Each option draws 80‑85 % of appraised value...