Since Donald Trump’s surprise victory on November 8, the mood of investors has been buoyed by the prospect of a fiercely free-market president in the White House. But the post-election euphoria shows signs of going too far. As comedian Larry David might say: curb your enthusiasm.The rallies this week of… Read More

 As yields on government and corporate bonds start to rise, I’m reminded of the Silicon Valley venture capitalist saying, known as Kleiner’s Law of Appetizers: “The time to eat the hors d’oeuvres is when they’re being passed round.” In other words, seize cash as soon as it’s offered.That’s valuable advice… Read More

The government’s energy forecasters translate their research into pictures worth many words. Read More

I’ve been getting emails lately from readers who fear an imminent investment apocalypse at the hands of President Trump. These anxious letters should be read to the strains of “The End”  by The Doors:“I’m worried about Donald Trump’s affect on the financial markets. Will his reckless behavior trigger a market… Read More

The inflation trade is racing ahead of reality. Read More

Rising yields are tempting, but uncertainty makes them risky. Read More

Our recent bullish calls on oil and oil stocks produced huge payoffs after the exporters’ cartel agreed to curb output. Read More

The EPA has just increased an ethanol mandate that was already costing the industry dearly. Will President Trump attempt a rollback? Read More

A respected forecaster warns of another global oil shock if underinvestment in new projects continues for much longer. Read More

One of the most unloved utilities of the past two years now boasts the highest projected earnings growth in the sector. Read More