Our theme of Internet Infrastructure Stocks – which includes a diverse set of companies that sell hardware and software that underpin the Internet — had a rough 2022, declining by about 39% through the year, amid supply chain disruptions and a shortage of semiconductors. However, the theme remains up by about 12% thus far in […]

Suddenly – prices are falling everywhere you look. Not just falling, but “plunging,” “plummeting,” “collapsing.” “Home Prices Fell in November for Fifth Straight Month” – WSJ (Jan 31, 2023) “Apartment rents fell in every major metropolitan area in the U.S. over the past six months.” – WSJ (Feb 27, 2023) “Natural-gas prices plunged…more than 65% […]

Predicting a given new vehicle’s eventual resale value down the road is a crapshoot in the best of times, but given the state of the used car market in recent years it’s become a far riskier bet. That’s because the conventional wisdom that a car drops in value the moment it’s driven off a dealer’s […]

It’s been a year since the Western world kicked Russia out of the club — capturing over $200 billion of its central bank reserves, sanctioning everyone on the business class A-list, and bringing Russia’s European energy market to a standstill. This is punishment for Russian tanks rolling into East Ukraine late last February. The consensus […]