Latest

Trade in the Whisky Portfolio

At 2.5%, the 30-year real yield on government bonds in both UK gilts and US treasuries is hard to ignore. Data goes back to 1996 in the UK, and 1998 in the US. Prior to that, there was no significant market for index-linked bonds, and the data was not

Alt Rally Brrr

ByteFolio Issue 168; 💡This issue covers Aave (AAVE), Ripple (XRP) Bitcoin retains a ByteTrend Score of 5 but didn’t manage a new high this week, despite a bullish backdrop and a push from the White House as we covered last week. Still, all looks well, and I like these

Gentlemen vs Hooligans

Trades in Whisky; A friend asked me to send him the Gentlemen vs Hooligans chart I published yesterday in The Global Trend Investor. As he is a pro managing billions, I was delighted he noticed. It is such an important chart because it shows you how the nature of this

The Inflationary Elephant

Atlas Pulse Gold Report Issue 105; …maybe, just maybe, inflation is the new elephant. I say that because inflation expectations are rising sharply, and I sense a new wave in the gold rush. The gold price may still be consolidating from the April high, but the gold miners, silver, and

GENIUS and CLARITY

💡This issue covers Stablecoins, Regulation, and Ethereum (ETH). ByteFolio Issue 167; As I said last week, the quiet bulls are the best bulls, but this one is not so quiet anymore. Bitcoin broke out to a new all-time high, touching $120k. The ByteTrend Score is a clean 5, and the

A Good Year

Trades in Whisky; 2025 is turning out to be a good year for investors. Well, at least it is for active investors, perhaps not so much for the index funds. I am only too aware that in some years, the index funds, that are happy to own any stock at

Venture: Portfolio Update

Issue 79; ByteTree Venture generally focuses on small- and mid-cap stocks mainly in Europe, but also a few in the US and Canada. In the battles of the small-caps, the US has been catching up, as the racier names in junior tech have done well, especially in recent weeks. There’

Venture: Venture Capital

Issue 78; ByteTree Venture has nothing to do with Venture; something that has caused some confusion with clients. This issue, however, is about venture. Venture capital stocks are starting to catch a bid, and as you can imagine, if the starting point wasn’t a 50% discount to fair value,

Tron: Powering On-Chain Payments at Unmatched Scale

Token Takeaway: TRX; With hundreds of millions of accounts and billions in transactions, Tron is one of the largest public blockchains in the world. It facilitates trillions in annual payment volume, supports a thriving DeFi ecosystem, and is arguably one of the most efficient Layer-1 networks in operation today. While

The Quiet Bulls Are the Best

💡This issue covers Ripple (XRP), Tokenization, Aave (AAVE), and Tron (TRX). ByteFolio Issue 166; Bitcoin has quietly returned to a ByteTrend Score of 5 and is poised to break higher. Crypto feels so quiet, yet ByteFolio is just below its all-time high, and Bitcoin is ready to move. As I

Spending Up, Taxes Up, Head for Boston

While researching tariffs, I stumbled across the USB Trump Tariff Losers Index. It’s a list of companies created by the equity strategists at UBS, identifying stocks from the UK and Europe that would likely plummet under Trump’s tariffs. It features German automobiles, British and French booze, luxury goods,

ByteTree Quarterly Investor Letter - Q2 2025

ByteTree offers actionable, high-quality investment guidance at an affordable price with a focus on risk management and performance. The sheer quantity of information available online can be overwhelming, so we help investors by distilling our advice into model portfolios, explaining every new investment recommendation in real time. In this Q2

Venture: Healthcare

Issue 77; We’re all getting older, and we need more hospitals. This company offer good value, with a catalyst for change.

Tribute to Andrew Moor, President and CEO, Equitable Bank

Andrew Moor, my cousin, recently passed away, and I wanted to write a short note to highlight his successful career, focusing on his truly remarkable achievements as the President and CEO of Equitable Bank in Canada. Our grandparents had four children and 15 grandchildren, and many more great-grandchildren, with just