How We’re Positioning the Model Portfolio for the Midterm Election and 2027
April 29, 2026 • Addison Wiggin
How We’re Positioning the Model Portfolio for the Midterm Election and 2027
BREAKING NEWS
August 18, 2026 • Addison Wiggin
A rare, perhaps short-lived, opportunity is shaping up in the energy sector. And investors who aren’t paying attention will miss out…
August 17, 2026 • Addison Wiggin
August 14, 2026 • Addison Wiggin
August 13, 2026 • Addison Wiggin
Money is not flowing in a clean, straight line from outside investors to productive businesses. The firms at the top are investing in and buying from each other.
Microsoft and OpenAI are the easiest examples to follow.
Microsoft says OpenAI has contracted to purchase an additional $250 billion in Azure services, while Microsoft continues to account for $13 billion in funding commitments to OpenAI as an investment.
August 12, 2026 • Addison Wiggin
At this stage, it’s a stock picker’s market.
We expect space, robotics and some more visible tech startups to remain sources of speculation. After weakness in the first half of 2026, we’re also due for a strong rotation of capital into natural resources, precious metals, critical minerals and energy.
August 11, 2026 • Addison Wiggin
AI may arrive on the screen as software, but it lands in the world as a load. The International Energy Agency (IEA) expects data-center electricity demand to roughly double by 2030, growing several times faster than the rest of the power market.
The grid was not built for that kind of appetite, certainly not on the timetable now being demanded by Google, Amazon, Meta, Microsoft and the rest of the hyperscaler parade.
August 10, 2026 • Addison Wiggin
Instead of chasing the obvious oil producers, look at refiners and oil services companies profiting more directly from tight fuel supplies and strong margins.
August 7, 2026 • Addison Wiggin
Debts and deficits will eventually cause a crisis. Treasury Secretary Scott Bessent’s effort to help bail out the Japanese Yen this week is entirely motivated by self-preservation. The contagion signal flashing in Japanese bonds since late ‘25 is infecting the BOJ, which may be forced to sell U.S. Treasurys to stabilize its own currency.
August 6, 2026 • Addison Wiggin
The copper price is no doubt benefiting from inflation driven by money printing. But the doc don’t lie. Copper’s new all-time highs, while gold and silver still languish, are a sign the AI growth story is also that of the global economy itself.
August 5, 2026 • Addison Wiggin
Many miners were profitable with gold around $2,000 and silver near $50. At sustained prices closer to $4,000 gold and $60 silver, the arithmetic changes dramatically.
August 4, 2026 • Addison Wiggin
The stock market is getting an unexpected boost to kick off August, bucking the historically weak summer session for the U.S. stock market.
What’s happening? The Bank of Japan and the U.S. Treasury are making a coordinated effort to support Japanese yen; a move last attempted nearly 30 years in the height of the Asian Financial contagion (1998).
August 3, 2026 • Addison Wiggin
Global opportunities aside, the US stock market’s stealthy reset of sectors outside the complex AI trade means solid U.S. companies are offering attractive entry prices, particularly in energy, rare earths and critical minerals.
July 31, 2026 • Addison Wiggin
The next phase of the AI boom won’t be decided by who builds the fastest chips, but by who can keep them powered.
From the creators of The Daily Reckoning, I.O.U.S.A, Empire of Debt and The Daily Missive
