How to: Student Loan Forgiveness
By Kelvin Lee Last week, President Biden announced up to $20,000 in student debt forgiveness and an extension on the pause of federal student loan repayments. This is what the white house had to say: The Department of Education will provide up to $20,000 in debt cancellation to Pell Grant recipients with loans held by […]
A Case for Bears
By Kelvin Lee Before I begin, I’d like to remind the audience that its crucial to have a longer-term investing outlook and that economies are cyclical; downtrends are both healthy and inevitable. That being said, I want to explore the view that we still are in a bear market. Markets are currently pricing the terminal […]
Hedge Your Hedge Funds
By Kelvin Lee, Alonso Munoz Hedge funds often have a sumptuous association with them. They recruit the brightest minds on Wall Street and have the freedom to pursue a multitude of non-traditional and quant strategies for their wealthy clients. They’re focused singularly on one thing, and that’s generating alpha. Double digit returns constitute the minimum […]
Inflation has peaked
By Kelvin Lee Arguably one of the markets most anticipated prints, the July Consumer Price Index (CPI), releases Wednesday. Investors will be watching to see if inflation has peaked. The federal reserve will be looking to see if they’re pouring either champagne or a tonic on the rocks. And our office will be putting overtime […]
Pelosi… Don’t Poke the Dragon.
By Alonso Munoz U.S. House Speaker Nancy Pelosi concluded her visit to Taiwan Wednesday; a sign of relief for the market: no shot down planes, no fighter jets and no WWIII (at least for now). We won’t comment on Taiwanese politics and the contentious history that always comes along with that, but we will offer […]
Are we in a recession?
By Kelvin Lee WE ARE IN A RECESSION! But not really…. Second quarter GDP numbers came out yesterday with a downside surprise of -1.6%. While this satisfies the common definition for recession of two consecutive quarters of GDP decline, we only see the print as achieving a restricted measure of the term. Why? Well first, […]
Opinion – Elon Musk Strikes Again
By Kelvin Lee … Yeah, that was the response of the world’s richest man Elon Musk to Twitter CEO Parag Agrawal after defending the social media’s platform measuring of spam accounts. I almost pity the counsel involved in this deal. In case you haven’t been following this mess, here’s a brief timeline of events: April […]
Let the Earnings Begin!
By Kelvin Lee J.P. Morgan and Morgan Stanley kicked off second quarter earnings season last week. With an inverted yield curve, CPI at 9.1% and talks of a 100bps rate hike later this month, it’s hardly a market friendly environment. Here’s what we’re looking for: This is a market focused on margins. Oil, raw materials […]
Opinion- Cathie Wood, Genius or Just Lucky?
By Kelvin Lee, Alonso Munoz If you don’t know Cathie Wood, here’s a short summary: She’s a wall street veteran that in 2014 founded ARK Invest, an investment fund with over $16 billion in current assets across 9 different Exchange Traded Fund (ETF) offerings. ARK’s funds are known for their thematic investments in innovative technologies […]
Crypto In Your 401(k)? A Virtual Toss Up.
By Kelvin Lee , Alonso Munoz Back in April, Fidelity announced a digital assets account that would allow its 401(k) participants to purchase Bitcoin (BTC) directly by the end of the year. We ask ourselves: is this a good idea for your 401(k)? The short answer is, “probably not”. The fundamental goal of a 401(k) […]
