Biggest. Unicorn. Ever.

The number 9 is an auspicious one in China, as its pronunciation is very similar to the word “Everlasting”. Online resources tell us that bridegrooms give the traditional red packets of …

The Tech Unicorn That Could Eat the FANGs

In our opinion, SenseTime is the most important tech unicorn anywhere in the world right now. Founded in Hong Kong in 2014, the company specializes in a wide range of video-based …

Follow the Facebook Money

This is a big week for Facebook amid its data breach scandal: Mark Zuckerberg will testify in front of the Senate Commerce, Science and Transportation Committee as well as the Senate …

Why 60/40 May Have To Become 80/20

We recently had a client ask about the prospects for the classic 60/40 portfolio of stocks/bonds given the possibility of higher inflation. It’s a great question, so here’s our take. #1. …

Baseball Season, Yogi, and the Dow

In (belated) honor of Major League Baseball’s opening day, we’ll borrow from the sport’s most quotable player to talk about the Dow Jones Industrial Average (which is much less entertaining, …

1% Volatility Days: Q1 Edition

We’ve been warning that this year’s February high of 37.32 in the VIX may not be the peak for 2018, as that month has only marked an annual high once …

Anatomy of a Down Year (Q1 Edition)

US equities are not off to the best start to the year, but not terrible either, with the S&P 500 ending Q1 down 1.2%. While we’re still bullish for 2018, this …

What Does Tesla Do Now?

Shares of Tesla are down 30% on the year, and its high yield bonds now pay over 7.5% versus less than 6.0% late last year. There is no one reason for …

For Sale: One Unicorn, Barely Used

With Dropbox’s successful trading debut likely spurring more technology companies to come public, we reviewed the performance of other IPOs of US tech unicorns over the past year. So far, Dropbox …