Trump Trade
John Lekas – CEO & Senior Portfolio Manager November 18th, 2024 We continue to believe that a low-dollar policy is in place. With Trump in office, it is almost certain that fiscal and monetary policies will move in tandem. The…
Will the Fed Lower This Year?
John Lekas – CEO and Senior Portfolio Manager August 20th, 2024 Currently, the United States’ debt-to-GDP ratio is approximately 143%, while China’s is approximately 297%. As the national debt for the U.S. and China reaches these levels, it becomes a…
Jamie Dimon Says 8% Fed Funds
John Lekas – CEO & Senior Portfolio Manager April 10th, 2024 We believe there's a lack of recognition regarding the extent of inflation, both in the United States and internationally. The economic ramifications of distributing $7 trillion during the pandemic…
2024 Market Outlook
John Lekas - CEO and Senior Portfolio Manager February 20th, 2024 Inflation is expected to persist, as previously discussed in our newsletters. Our stance remains unchanged: the Federal Reserve is unlikely to lower interest rates until the unemployment rate (U-3)…
Extending Duration?
John Lekas CEO & Senior Portfolio Manager December 20th, 2023 By extending the duration in our portfolio 100% at this juncture using 10-year treasuries (based on a target rate of 3% in 2024), we would generate approximately 8% in capital…
Contractors Are Calling
John Lekas – CEO & Senior Portfolio Manager November 2nd, 2023 I've had a rather eventful week, receiving four calls from contractors offering a range of services. The list included remodeling the lower bathroom shower, treating my shake roof, gardeners…
Don’t Fight the Fed
John Lekas CEO September 22nd, 2023 "Don't fight the Fed.” These individuals are academics, not rational business people. The good news is they will inform you of their intentions; there's no need to second-guess them. They have stated that they…
Next Dose of Inflation
John Lekas – CEO and Senior Portfolio Manager July 24th, 2023 We anticipate that weakness in the US dollar (DXY) will initiate an upward trajectory in commodity prices. The sanctions against Russia have led to fragmented financial markets, allowing movement…
Perfect Storm
John Lekas – CEO and Senior Portfolio Manager May 1st, 2023 US Average Hourly Earnings Yearly Percent Change We believe the inflation we are seeing in the CPI and elsewhere will persist well into 2024. As we have stated in…
Walking in The Mud
John Lekas – CEO and Senior Portfolio ManagerJanuary 30th, 2023 2023 won't be the beat-up of 2022, but we believe it will be like walking in mud: slow, arduous, and no easy sprints. So Goes January, So Goes the Year.…