6 Indicators say we are in decline.
Yet equities are expensive.
Stretched distortions of relative value point to where resources must go.
In this letter I explain where and which vehicles are set to gain and how.
- Complete tactical playbook each week, with regions, industries and risks
- Charts, data, and historical context translated into plain English
- Clear economic analysis that explains what is happening, and why it matters
- Warnings on macro regime changes, political risk, key turning points
- Avoiding one costly misread can pay for the subscription many times over