The SUBText: Sept. 22, 2016

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We have an interesting situation this week- Wells Fargo (our custodian of assets and a core holding, NYSE:WFC) has taken headlines screaming “FRAUD! “ Of course, this generated calls- “Why aren’t you selling it? Were they stealing from accounts?” OK, let’s open a window here: For openers, Wells Fargo Bank and Wells Fargo brokerage are […]

The 1% Move, January 22, 2016

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Today, we saw the scrum continue… Unlike some past events, this is actually understandable without advanced market knowledge. As we’ve talked about, oil-producing nations are in a budget hole. Some (Saudi Arabia), have reserves to ride this out, others less so. Such sovereign reserves are generally kept in sovereign wealth funds managed according to an […]