The 2018 Winter Olympic Games are nearly behind us, and so is the latest chase for the ultimate sports prize: a gold medal.
First, please accept my apologies for a slightly delayed edition of our annual Unexpected Outcomes Evergreen Virtual Advisor. However, as most regular EVA readers know, we have run several forecast-oriented issues to kick-off the new year.
The Evergreen Virtual Advisor is nearly 10,000 subscribers strong, up from just 500 readers, 7 years ago. Roughly 10% of subscribers are clients, leaving us with the sometimes-difficult task of writing to two distinct audiences. Clients are keenly interested in Evergreen-specific happenings, whereas outside readers are more interested in our macro market outlook. This week’s newsletter attempts to carefully thread the needle between both interests.
On December 14th, 2017 the Federal Communications Commission (FCC) ruled in favor of overturning Obama-era net neutrality regulations by a vote of 3-2. While not necessarily underreported, the ruling was, in many ways, overshadowed in the financial media by two parallel events: tax reform and the Bitcoin bubble. Case in point, we have used these pages to share our view on both of these topics over the past several weeks, while completely ignoring the FCC’s landmark decision.
Well, they did it. The gang that couldn’t
shoot legislate straight managed to get their tax bill passed before year-end. Despite the GOP controlling all three elected arms of government, it wasn’t pretty to watch. In fact, by comparison, sausage-making looks like a pristine process.