Tailwinds' Newsletter brings you macro-oriented views on the latest global news.

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Be Careful What You Wish For…

I’ve witnessed several market corrections in my life. Some of these are minor blips in the face of a bull market, while others are...

October Review, Earnings Preview

October has a reputation for being a bad month to own stocks. For the current generation of investors, this reputation was earned primarily from...

Do You Feel Lucky, Punk?

In a famous scene in Dirty Harry, Clint Eastwood has a gun pointed at a bank robber who is reaching for a gun. Clint...

The Most Dangerous Setup

By necessity, today’s topic will venture into the world of politics, so I warn you now - you might be offended. Actually, I have...

What a Week…Our Strategy For Outperformance

When we said in last week's newsletter that the market looks like it's on a cliff, we had no idea just how prescient that...

September Review: High Fives All Around

It certainly was a memorable September in our house. Not only did the Red Sox cakewalk through to the best record in baseball, and...

Pearls of Wisdom or Meaningless Drivel…You Can Decide

I love holiday weeks. It seems like I'm just getting settled into work when Friday happily rolls around. I wish every week was a...

Every Company Has A Great Story…Which Ones Do We Believe?

Earnings season for microcaps came and went during the month of August. Well, we call it earnings season but, when you're betting on future...

August 17th Weekly Recap

Phew! Am I ever glad to get earnings season over with. Trying to keep up with all the calls and the incredible volatility in...

Recapping A Volatile Week

For the last couple months I’ve felt like Muhammad Ali’s sparring partner. The market has really tried to take its pound of flesh out...

Stormy Weather on the Horizon?

Friday was the most exciting day yet in the Tour de France, with the Pyrenees separating the contenders from the pretenders. I had thought...

Rooting Against Froome…Random Thoughts About Stocks and More

Normally I try to have my lead story be something about the big picture. Whether that be the Tailwinds' portfolio, micro-caps in general, or...

I HEAR 1987 NEW WAVE IS BACK

I don’t know about you, but I’m worried. The economic cycle is long in the tooth. Equity valuations are stretched. The yield curve is...

Dipping My Toe Into Crypto

For those who have read my previous notes on Bitcoin, I'm sure you're wondering what's the scoop here. I've been a vocal bear on...

The Good, The Bad and The Ugly

Stick a fork in it, June is dead. Which couldn’t have happened soon enough as, what started out as a wonderful month, turned into...

America The Bully

"You f…g Americans. Who are you to tell us, the rest of the world, that we’re not going to deal with Iranians?" Richard Meddings, Standard...

Three reasons not to blame Trump when the global ‘free’ trade order collapses

Andy Xie is an independent economist who has graciously allowed Tailwinds to post his articles. The United States’ tit-for-tat tariff spat over steel and aluminium...

Small Cap Shines…Expect It To Continue

Small cap stocks are paying beginning to pay off handsomely, with significant outperformance of late. The index we watch the most, and what we...

With Earnings Season Over, Which Stocks Surprised Us?

Quarterly earnings season is the four times each year in which companies give investors an inside look as to what's going on. They not...

BUYBACK TOP OR JUST NEEDLESS WORRY?

You had to know that last week’s Barron’s cover was too good for me to pass up. Come’ on. It’s just screaming at me...

April in Review and Thoughts on Portfolio Management

Two weeks ago I made an adjustment to the grips on my mountain bike. Rolled them forward a little bit. I had been feeling...

Important Changes to The Tailwinds Platform

Tailwinds Research was started with the simple goal of helping investors make money in micro-cap stocks. Over the last year and a half, there...

Hurt China — Is That Trump’s Real Goal?

I hope what I’m about to say turns out to be too pessimistic and very wrong. But as an alternative scenario it must be...

Technically Speaking, I’m a Little Worried

I consider myself a sentiment trader. Which is, of course, a very highly technical term that I made up to describe my investing style....

Have I Got a Biotech Stock For You!!!

I spent a lot of time in Romania during the early 2000's, helping companies privatize. There was a ton of opportunity to acquire older,...

Trade Wars Are Good and Easy To Win

It was about a month ago that President Trump first warned us. Having finally figured out he had considerable power to affect trade policy,...

Time to Go Shopping for Consumer Staples?

The stock market roller coaster has continued this week, with the market moving well in excess of 300 points on the Dow every single...

Reviewing Q1 and Thankful It’s Done; What to Expect in Q2

When I wrote that volatility would be increasing (Bidding Farewell to January), my gut was telling me that we were in for a tough...

Trump’s Favorite Advisors — Be Afraid

What really makes China so scary today is the fact that it has so many people, and it's also becoming an incredibly wealthy country...

The Return of Volatility…How to Generate Alpha

I've been preaching about increased volatility for months now. The days of easy money driving up all assets is firmly in the rear view...

National Security – An Abused Term

That hereafter no State court or court of the United States shall admit Chinese to citizenship; and all laws in conflict with this act...

THAT’S NOT A BOND BEAR MARKET

What a true bond bear market looks like A couple of years ago I remember having a discussion with a hedge fund manager. I told...

Why the US Doesn’t Have the Stomach or the Strategy for a Full-Blown Trade...

The Trump administration has finally put some teeth into its America First rhetoric, imposing tariffs on big washing machines from South Korea and solar...

If You Think Stock Market Volatility is Bad Now, Just Wait for Next Year!!!

Stock markets have of late dropped about 10 percent from the peak. If you think that’s bad, you ain’t seen nothing yet. What happened...

A Golden Hedge for Volatility

What a difference a week makes. Two weeks ago the air was one with despair. Stocks bonds, the dollar, Bitcoin...all were crashing down around...

Bidding Farewell to January; What Lies Ahead…

The beach at Manele Bay on the island of Lana’i, where we were fortunate enough to spend the last week, is a wonderful spot....

US-China Relationship — The Primary 21st Century Concern

For at least the first half of the 21st century, the US-China relationship will be the number one concern for investors, statesmen, global militaries...

Previewing 2018…What to Expect From Our Portfolio

As we enter the new year it is very difficult not to be optimistic...borderline exuberant. The Tailwinds Select Portfolio has been on a tear...

2017…a Recap of Tailwind’s Best and Worst Newsletter Predictions

As 2017 winds down to a close, it's easy to judge Tailwinds' performance on the stock picking side. For the year, we have a...

Three Things You Should Know About Bitcoin

As I type this article, Bitcoin is flirting with entering a bear market. This week's newsletter highlights three relatively underfollowed, or misunderstood, stories in...

The Rise of Chinese Technology and the US Response

In 1914 the Europeans (including the British) ruled the world. Their empires spanned the globe, their culture reigned supreme, financially they were the center...

Tax Reform Rotation

I have often said that as traders, it is not our job to pass judgment on what should be, but, instead, to take advantage of what is. I...

November Performance Recap, Year-End Preview

Times are good in the market. Really good. It seems that every time there's a hiccup in stocks, they simply pause, then accelerate to...

Grandma’s Bond Portfolio Is In Trouble

Today’s post is an important one. I might have put Grandma in the trunk, but the coming struggle between generations is no laughing matter....

The End of Net Neutrality…

On December 14th the FCC Open Meeting is going to vote on whether or not to retain Net Neutrality. Being as how the FCC's...

What Is A.I.??? And, Four Ways To Invest In It.

In the twenty-first century, AI techniques have experienced a massive surge in interest following concurrent advances in computer power, large amounts of data, and theoretical understanding....

Technology Marches On!

Peter Treadway is the author of The Dismal Optimist and graciously allows Tailwinds to republish his blog pieces.  Recently, it seemed like the stock market had...

Tax Loss Season is Open

The day after Thanksgiving is referred to as Black Friday. This is because, up until then, many retailers have operated at a loss all...

Ponzi Would Be Scared By Bitcoin

A Ponzi scheme (/ˈpɒn.zi/; also a Ponzi game) is a fraudulent investment operation where the operator generates returns for older investors through revenue paid by new investors, rather...

Good Thing Jessie Isn’t Around to See This

Think back six months. Do you remember all the warnings from the legendary hedge fund managers about the impending stock market doom? Paul Tudor...