Andy Carpenter

The best explanation I have read for gold’s worst week in 15 years says the dollar is not to blame. It is not TIPS-yields’ fault either. Those only explain tiniest part of the move. The real explanation is simpler (and maybe more uncomfortable). Over the past two years or so gold became a crowd trade, akin to a meme stock. It started when central banks bought gold after Russia’s assets that were frozen in 2022. That drove the first leg. Then, of course, the damn hedge funds, which produce...

Agriculture stocks sit in a familiar and historically interesting part of the cycle: quietly out of favor, but no longer deteriorating. Farm economics remain under pressure from lower crop prices, elevated input costs, and tighter credit, which has kept investor enthusiasm muted and capital spending subdued. But beneath that softness, the setup is shifting. Recent supply shocks - especially in fertilizers - have reminded markets how fragile global food production really is. Disruptions to...

Artificial intelligence is quietly becoming one of the fastest-growing segments of digital healthcare. In mental health alone, the global AI-driven therapy and mental-health market is estimated at roughly $1.7–$2 billion in 2025 and could reach $9–12 billion within the next decade, implying growth rates above 20% annually. That kind of growth suggests the sector is still in the early-to-middle innings, not saturation. The trend is driven by a simple economic reality: the world has a severe...