Equity markets are undergoing a liquidation trade—it’s not unusual, just overdue.
Equity markets are undergoing a liquidation trade—it’s not unusual, just overdue. Read More »
equity markets
“I thought by now you’d realize, there ain’t no way to hide your lyin’ eyes.”
Stagflation reigns. Slow growth (2.5%) with rising inflation (4%) — driven by the rising cost of labor (+5%) — is the very definition of a stagflating economy. This forecast remains the dominant theme for the economy, markets, and investors. Stagflation has been the Perry International Capital Partners (PICP) forecast for two years, and we continue to be more worried about rising inflation than we are about slower growth.
“I thought by now you’d realize, there ain’t no way to hide your lyin’ eyes.” Read More »
Markets need to figure out a normalized level of interest rates appropriate to this volatile new era …
Markets need to figure out a normalized level of interest rates appropriate to this volatile new era of De-globalization, rising military engagement, heightened Geopolitical tensions, excessive indebtedness, and the irrational rise in deficit spending.
“There’s no money. There’s no money. If we don’t make a fiscal adjustment, we’re headed for hyperinflation…”
Markets need to figure out a normalized level of interest rates appropriate to this volatile new era of De-globalization, rising military engagement, heightened Geopolitical tensions, excessive indebtedness, and the irrational rise in deficit spending.
“We are navigating by the stars under cloudy skies…”
80% of the Perry Capital Portfolio holds liquid and guaranteed-return investments, the interest rates on which
are constantly adjusting to the higher rate structure that is coming.
“We are navigating by the stars under cloudy skies…” Read More »
“We have normality. I repeat, we have normality. Anything you still can’t cope…”
The Perry Capital Portfolio holds 62.5% in the Money Market, earning a risk-free rate of: 5.24%. It holds an
additional 15% in T-Bills, which have an average guaranteed return of 5.25%. It holds a 10% position in long Treasuries.
“We have normality. I repeat, we have normality. Anything you still can’t cope…” Read More »
“You don’t need to be a pro to sail well, and you don’t need to be a hedge fund manager to invest.”
The Perry Capital Portfolio holds 62.5% in the Money Market, earning a risk-free rate of: 5.24%. It holds an
additional 15% in T-Bills, which have an average guaranteed return of 5.25%. It holds a 10% position in long Treasuries.
“Higher interest rates have not affected the U.S. Economy.”
The Perry Capital Portfolio holds 62.5% in the Money Market, earning a risk-free rate of: 5.24%. It holds an
additional 15% in T-Bills, which have an average guaranteed return of 5.25%. It holds a 10% position in long Treasuries.
“Higher interest rates have not affected the U.S. Economy.” Read More »
“Ooh, a storm is threatening my very life today. If I don’t get some shelter…”
ALERT – THIS JUST IN. The FDIC announced that it has received two bids for First Republic Bank (FRC). The
bidders are JPM and PNC. Details are being scrutinized, and the winner will be announced before Monday’s
market opening.
“Ooh, a storm is threatening my very life today. If I don’t get some shelter…” Read More »
“Often the difference between a successful person and a failure is not one…”
The most significant risk facing investors is the Fed’s march towards a restrictive monetary policy.
Indeed, there are others: the invasion of Ukraine, lockdowns in China, the crypto fallout, and even the
nature of free speech in America as encapsulated in the Twitter saga. All make top headlines.
“Often the difference between a successful person and a failure is not one…” Read More »