TRENDS & TAIL RISKS™

A monthly publication dedicated to the principle that deeper and broader knowledge drives superior investment results

Credit: Caught Leaning?

POSTED ON August 13th - POSTED IN Credit, Indicators

By Lewis Johnson - They would say, when Whitey Ford made that incredible motion to nip the base runner off first, that the man was caught leaning. The man was leaning one way, and realized what was happening, and[…]

Gold: Price vs. Relative Value

By Lewis Johnson - After a long hiatus, gold’s quiet outperformance (up 9.6% YTD) is slowly working its way back into the financial pages. However, gold took its time getting back there. After all, the price of gold[…]

Prices Allocate Resources

POSTED ON June 25th - POSTED IN Prices Allocate Resources, Cycles, Indicators

By Lewis Johnson - Prices are everywhere. We pay prices when we want to buy things such as groceries, cars, houses, stocks and bonds. But what else should we consider with respect to prices? Prices are also the most[…]

Lewis Johnson
Chief Investment Officer

Author of Trends & Tail Risks

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