Yield Curve is Now Pop-Culture?

“Hakuna Matata... it means no worries!” - The Lion King The Portfolio Our blog portfolio continues to perform well and volatility in the portfolio remains low vs the overall market. Year-To-Date the portfolio is up +18.45%. Our benchmark index, the S&P 500 is up 16.69% YTD. The Yield Curve? The yield-curve inversion has formally inserted itself into pop-culture, not because it tells us anything useful as investors, but maybe because its cool to talk about what's going to cause the next recession. We all love the salacious, fear mongering stories, they drive ratings and it all sounds so factual. Let me just say this, the yield-curve talk is all crap. Every day I find new comments from seem

What Can Anyone Say?

“My only question is, who is our bigger enemy, Jay Powell or Chairman Xi?.” - President Donald Trump The Portfolio Our blog portfolio continues to perform well and volatility in the portfolio remains low vs the overall market. Year-To-Date the portfolio is up +16.26%. Our benchmark index, the S&P 500 is up 13.57% YTD. What Can Anyone Say? Yesterday I was an aggressive buyer on a downturn that was unwarranted. Of course there was no way of knowing that a series of tweets would suck 2.95% out of the S&P 500 and 623+ points off the DOW. To say I was stunned by today's comments is an understatement, but I am even more astonished by the reaction to the comments by investors. Let's parse this

Aggressive Buyer Today

“Venture Capitalists are astonishing, you know, if one of them buys a yellow halter top, all of them have to buy a yellow halter top.” - Tim Draper The Portfolio Our blog portfolio continues to perform well and volatility in the portfolio remains low vs the overall market. Year-To-Date the portfolio is up +17.77%. Our benchmark index, the S&P 500 is up 16.52% YTD. What I'm Buying Today The markets opened strong this morning and then a non-voting member, Patrick Harker of the Philadelphia Fed said that he thinks rates should be held where they are because, "we run the risk of creating too much leverage in the economy". Yeah, I think that horse is out of the barn. Markets sold off before I

Men Need Your Help!

“To live an extraordinary life, you must resist an ordinary approach.” The Portfolio Our blog portfolio continues to perform well and volatility in the portfolio remains low vs the overall market. Year-To-Date the portfolio is up +17.62%. Our benchmark index, the S&P 500 is up 15.70% YTD. Nabriva Therapeutics On Monday Nabriva received a long awaited approval from the FDA for their drug Lefamulin in both oral and IV forms for the treatment of community-acquired pneumonia (CAP). As I mentioned in my last post, one of the unique risks in this space is that sometimes the stock price of a biotech will run up prior to an announcement and then sell off afterwards, even on good news. This is ty

Monday is Nabriva Day

“The best way to teach your kids about taxes is by eating 30% of their ice cream.” ― Bill Murray The Portfolio Our blog portfolio continues to perform well and volatility in the portfolio remains low vs the overall market. Year-To-Date the portfolio is up +17.50% (markets are still open as I write). While the markets had a sell off this week, the blogs portfolio remained relatively calm. Even with an 800 point drop in the DOW on August 14th, the blog portfolio remained above 15% YTD. Our benchmark index, the S&P 500 is up 15.17% YTD at the moment. The portfolio still has room to grow to the upside so I'm optimistic that we may beat the S&P 500 again this year making this the 4th year in

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This material is provided for informational purposes only, as of the date hereof, and is subject to change without notice.
This material may not be suitable for all investors and is not intended to be an offer, or the solicitation of any offer, to buy or sell any securities.

© 2016 by Clay Baker all rights reserved