In the investment world, hindsight is always 20/20. The expression has never been truer than in the year 2020, as investors who believed that the longest bull market in history was destined to expand indefinitely were met with an unwelcome surprise towards the end of the first quarter.
Long-time EVA readers may recall the legendary John Mauldin was my inspiration for starting this newsletter back during the housing bubble days of 2005. In fact, the inaugural EVA edition was almost exactly 15 years, and about $15 trillion of Federal debt, ago.
Neil Howe, author of “The Fourth Turning: What the Cycles of History Tell Us About America’s Next Rendezvous with Destiny” and managing director of demography at Hedgeye, joined Real Vision TV in February to discuss the demographic forces shaping the coming retirement crisis and the future of America.
One of Evergreen’s long-running themes for why US stocks have remained so elevated for so long is because America’s all-powerful central bank – the Fed – has continuously infused liquidity into the system. This fact was crystal-clear during the most recent market meltdown….
Veteran EVA readers will undoubtedly recognize the name Gerard Minack, who is the author of one of my regular reads, the Down Under Daily (DUD). As you might expect from its name, Gerard hails from the Lucky Country, more commonly known as Australia.