Category Archives: Diary

Why Doctors, Pilots, and Engineers Make Terrible Traders

At my last Global Strategy Luncheon, I had the pleasure of sitting next to an anesthesiologist who was a long-time reader of my research. As much as he loved my service, he confided in me that his trading results were awful. I told him I knew why. Doctors, scientists, aircraft pilots, and even anesthesiologists all […]

The Market Outlook for the Week Ahead, or the United States of Debt

There is only one number traders and fund managers need to know that came out of the US budget for fiscal 2026, which starts on October 1, 2025: $5.0 trillion. This is the new debt ceiling increase that was signed into law on Friday and is guaranteed to take the National Debt from $37 trillion […]