October 20, 2023 By Steve Blumenthal "The world's most crucial benchmark market is on an unpredictable journey with an uncertain destination." – Mohamed El-Erian is President of Queens’ College, Cambridge University, an advisor to Allianz and Gramercy, and a best-selling author. [...]Read More >

  October 13, 2023 By Steve Blumenthal "To push the point home, I want to make clear that I believe that we are in that brief part of the Big Cycle when the conflicts are heating up, and the leading powers still have the ability to choose between crossing that line into brutal war or [...]Read More >

  October 6, 2023 By Steve Blumenthal "Peace begins with a smile." ­­– Mother Teresa I received a lot of feedback from last week's OMR letter. I appreciate the dialogue, especially when our views differ. When attending a conference or listening to a round table discussion on a [...]Read More >

  September 29, 2023 By Steve Blumenthal "Interest rates are the heart, the soul, and the life of the free market system. They ARE the cost of money. When costs go up, earnings go down. Real incomes go down. We are in a different investment environment than anything investors have [...]Read More >

  September 22, 2023 By Steve Blumenthal "Our greatest weakness lies in giving up. The most certain way to succeed is always to try just one more time." - Thomas A. Edison The days are growing shorter. Tomorrow marks the official start of fall. For me, it began last evening, [...]Read More >

  September 15, 2023 By Steve Blumenthal "I know that it is fashionable to talk about a ‘dual mandate’ – that policy should be directed toward the two objectives of price stability and full employment. Fashionable or not, I find that mandate both operationally confusing and [...]Read More >

  September 8, 2023 By Steve Blumenthal "If the quarterback throws the ball in the end zone and the wide receiver catches it, it's a touchdown." - John Madden Football season has begun, and I imagine the number of Google searches checking Vegas odds is dramatically up. My son [...]Read More >

  September 1, 2023 By Steve Blumenthal "Cycles are the most important thing." - Britt Harris, CEO and CIO, The University of Texas/Texas A&M Investment Company First, let me begin by wishing you a fun-filled weekend. As summer comes to an end, I hope this note finds you on the [...]Read More >

  August 25, 2023 By Steve Blumenthal "What is now happening hasn't happened before in our lifetimes but has happened many times throughout history—typically, just before civil wars. In my opinion, this is a VERY big, bad deal yet most people are quietly going along with it." - Ray [...]Read More >

  August 18, 2023 By Steve Blumenthal "The Decisive Decade is cautionary and optimistic. Ward shows a path for America and the Free World to win the contest with the Chinese Communist Party. He calls for rebuilding American economic, industrial, and technological might, and [...]Read More >

  August 11, 2023 By Steve Blumenthal "Ultimately, if the deficit isn’t contained, taxes will be raised to the point that the engine of the US economy — the all-important consumer — will have considerably less discretionary income. - Quincy Krosby, the chief global strategist for [...]Read More >

  July 28, 2023 By Steve Blumenthal "The Federal Reserve’s preferred inflation gauge climbed at a 4.1% annual pace in June, marking a sizable step down from May’s 4.6% annual rate and bringing price growth to its slowest pace in nearly two years.." - Barron's, July 28, 2023 I [...]Read More >

  July 21, 2023 By Steve Blumenthal "I am so tired of being a bear." - Stanley Druckenmiller, Chairman & CEO of Duquesne Family Office Stanley Druckenmiller is a well-known American investor and hedge fund manager whose investment style is often described as macroeconomic and [...]Read More >

  July 14, 2023 By Steve Blumenthal "The stock market is never obvious. It is designed to fool most of the people, most of the time." - Martin Zweig "I believe the only edge in investing is innovation." - Mark Finn, Chairman, CEO, and COO, Vantage Consulting Group One of my [...]Read More >

  July 7, 2023 By Steve Blumenthal "The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions." "Patience and discipline can make you look foolishly out of touch until they make you look prudent and even [...]Read More >