To Raise or Not to Raise
John Lekas – CEO & Senior Portfolio Manager September 3, 2026 This quote from BCA Research sums up the most likely path for central banks on September 16, 2026. “Inflation is not solved. Above target in the US, UK, and…
SpaceX – Possible Market Sell-Off
Slavik Kolesnik - Portfolio Manager June 5th, 2026 Markets entered 2026 expecting a series of Federal Reserve rate cuts. Instead, we are seeing a landscape that has been consistent with our outlook for the past several years: inflation remains elevated,…
Less Is More
John Lekas – CEO & Senior Portfolio Manager March 12th, 2026 Markets entered the year expecting interest rate cuts from the Federal Reserve. Instead, we are seeing a different picture emerge globally. Both Australia and the European Union are preparing…
Unemployment, Fed, and The War
John Lekas – CEO & Portfolio MangerJuly 29th, 2022 Three things are driving the market between now and 1/1/2023. 1. Unemployment (most important)2. The Fed3. The War & Policy Unemployment (Most Important) The negative correlation between unemployment and equity markets…
My Trip to the Store – Will Small Businesses Fail in 2022-2023?
John Lekas – CEO & Portfolio ManagerJune 29th, 2022 Last Sunday I went to get hanging plants at Fred Myer supermarket. The open gate at the Garden Center was locked which is unusual so I inquired why? The gentleman explained…
Market Outlook 2022
1.19.2022 False Alarm We believe the fed will not raise rates this year more than two times. It’s not necessary and it’s an election year. Our Reasoning is as follows: We believe raising rates 4 times or more will lead to…
2021 Newsletter – 6.16.21
We had exceptional performance in our fiscal year 2020 due to the dislocation that came from Covid-19. In addition, our exposure to oil and gas particularly in the form of shrinking supply in both oil and gas markets moved prices higher.…