Last Week’s Volatility in the Rearview Mirror

For those of you who don’t follow the markets on a regular basis or for anyone who didn’t live through the daily gyrations of 2008, last week seemed like a formidable disaster. Markets were down 10%, bonds were getting pummeled, and global stock markets were moving down in unison. From a seasoned perspective, it was […]

Volatility is Back

Volatility is Back — And it is no coincidence that Bitcoin and the Stock Market are both plunging After a very benign 2017 and an even better January, February has started with a bang in a way that we haven’t seen in years. The headlines are screaming about the plunge in the Dow, the largest ever, […]

Walmart and the Tax Act

When I see something in the news that obfuscates the full set of facts to skew an argument, it gets me wound up. The recent news from Walmart around the benefits of the Tax Act was just one of those moments. To paraphrase the event, Walmart gave away a one-time bonus and raised the minimum wage for […]

Tax Reform Act is Merry Christmas to Corporate Donors

With the tax bill passed in Congress, it has been a good year for corporations, Republican donors, and lobbyists. For most of the rest of us, it was a big loss. For the future of America, it doesn’t get much worse. The tax reform Act that Congress just passed has very little in it for […]

Bitcoin Bubble

The Bitcoin Bubble

If you didn’t happen to see the news last week, Bitcoin ended the week up 10x for the year. Yes, that is correct – up 1,000%. At least that was on Friday evening. By the time you read this, I am sure there will be a new record grabbing the headlines. In general, the concept […]

Tax Reform for the Few

It all seems connected. When I look at the tax proposals in Congress, I see a lot of twists and convulsions by the authors to create an appearance of fairness for all voters. But looking at the details – which are still changing by the day – there isn’t much for the voters. The similarities […]

A Busy Week for This Country

It has been a busy week for this country. First, it appears that we will have a new chair of the Federal Reserve Bank.  The appointment of Jerome Powell is unfortunately a downgrade.  The current chair, Janet Yellin, has done a superb job of keeping the economy moving forward despite deep structural issues.  She is […]

The Tax Reform Act of 2017?

Over the next few weeks, the Tax Reform Act of 2017 (or maybe 2018?) will take a central place in the majority of the headlines in both the financial and mainstream press. The details of the proposed legislation have yet to be released, but there is enough information floating out there that I can start […]

How and Why the Dow Raced to 23,000

For the past couple of weeks, the news has been dominated by stories of what might be: who will be the new Fed chairperson, what major tax changes will Congress march toward, how concerned to be about Trump’s threats for a war that no one wants, or further speculation who will next leave the Administration. […]

Our Must Reads for the End of 3rd Quarter 2017

As we approach the end of the quarter, we are busily preparing our Market Updates, both written and live. So that we might focus on the larger pieces coming out next week, here is a summary of some of the discussions that we found most interesting over the past week. In the Wall Street Journal […]

Recommendations to Protect Your Data after Equifax Data Breach

The situation with Equifax has clarified a bit since our blog post last week, but, with that clarity, we find more distressing news. It turns out that the data breach was less about clever thieves and more about incompetence on the part of Equifax. The breech occurred through a software flaw Cisco had identified apparently […]

Privacy, Credit, and Equifax

At this point, on top of all the crazy headlines around the world, you most certainly have heard of the massive data breach at the credit agency Equifax. On many levels this event is deeply upsetting. I certainly don’t recall giving them permission to gather all of the most important data points of my life […]

Tip-toeing into September

Summer has officially drawn to a close putting a lid on one of the most bizarre three months in U.S. history. With so much activity in D.C., I am highlighting the key events though I am sure to have excluded others just as bizarre or galling. Domestically, Congress has failed to pass any major legislation […]

A Wall of Water

As a former student of meteorology, I look at the satellite images and data from Hurricane Harvey with fascination. From miles above, it is a stunning cyclonic structure – a perfect funnel formed from massive pressure walls driven by atmospheric warming. The location only enhances the completeness of this event – bridging the intersection of […]

Market Complacency amid Political Disarray

The previous two weeks have been dizzying in Washington, but, yet again, the markets barely responded.  If you recall, in mid-July the White House was exploring pardons for Trump’s family and Bloomberg reported that the Mueller investigation is examining the Trump organization.  Events then moved to various forms of the Republicans’ failure to pass an even nastier version of Obamacare repeal.  Last week, we saw the White House staff firings and a retired general taking control […]

Vodia Capital - Strategy

China and Energy

As we slide through the summer doldrums, the news has slowed down to a mellow drumroll. That is, unless you count the events from June of 2016 and the manner in which White House has handled them. It appears that the Russian election scandal will continue to expand, albeit drip-by-drip, until we have a clearer […]