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Letters from Linlithgow
Letter from America
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By Mike Williams | 1st June 2017
Keep Tensions High and Money Moving
Here we are, at one of those spots in each calendar year when everything starts to slow down. Volumes start...
By Mike Williams | 29th May 2017
It’s Better Out There Than They’re Telling You
US market data is generally positive and jobs are solid. In fact, jobless claims are severely depressed. And the flip...
By Mike Williams | 25th May 2017
Investors: It’s Just a Question of Time
There’s a change afoot. We’re replicating the 1980s and 1990s in terms of what looks set to unfold in the...
By Mike Williams | 19th May 2017
Investors Swinging at Fever Pitches
Finally, the markets cracked. That cookie had to crumble at some point, eh? So after a direct media attack, and...
By Mike Williams | 17th May 2017
The Market’s Millennial DNA
Ok, so the corporate earnings season is just about done, and it was pretty solid; even when allowing for how...
By Mike Williams | 3rd May 2017
The Bear That’s Been and Gone
In a continuation of the trend of recent years, the actual GDP reporting process arrived at a smaller number than...
By Mike Williams | 2nd May 2017
The Checkers in this Market Chess Game
Trump and the media seem to be getting very good at jumping from one problem to the next, with scant...
By Mike Williams | 28th April 2017
Investors: What’s Overlooked is Undervalued
The corporate earnings season has begun stronger than expected. But let's be realistic; it’s an easy comparison to a year...
By Mike Williams | 27th April 2017
On The Wrong End of Market Sentiment
"Same old fear and same old crimes, we haven't changed since ancient times." Iron Hand, Dire Straits It’s no secret...
By Mike Williams | 18th April 2017
Group-Think Is Not An Asset Class
Last week ended much like most weeks do these days; with the crowd being pushed along to worry about something....
By Mike Williams | 11th April 2017
Market Sentiment Votes with its Wallet
Despite Q4 earnings data feeling like it just finished flowing in, here we are staring into the teeth of the...
By Mike Williams | 10th April 2017
Bad News? OK, What’s Next…?
Some of the smartest long-term investors have taught me that when bad news seems like very bad news indeed, there’s...
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