By Lewis Johnson - Chief Conclusion Cycles are always working in one direction or the other in the markets. How can investors avoid being victims of “unexpected” volatility, and better yet, even find a way to profit[…]
By Lewis Johnson - Chief Conclusion Asking better questions is the fastest way to make more money in the markets. In today’s “Trends and Tail Risks,” I will take a step back and explain the backstory of how asking[…]
By Lewis Johnson - Chief Conclusion When danger rears its head, the mass of capital flees riskier assets to crowd into the much smaller quantity of safer assets, which drives up their price. Worsening credit quality,[…]
By Lewis Johnson - Chief Conclusion We noted two weeks ago that our trusted indicators in the steel markets had signaled that the inventory cycle was turning lower. We expect higher-quality, longer-dated bonds to[…]
By Lewis Johnson - Chief Conclusion Key leading indicators in the commodity markets support our expectation for a mid 2017 peak in the inventory cycle. Steel offers the best insight into this cycle and the slowdown[…]
