Tavi Costa Featured in Barrons

Crescat Capital Videos & Interviews

Tavi Costa says opportunity may be knocking for one sector that’s been down in the dumps for a while. Oil-service stocks “have never looked so cheap,” Costa said in a tweet.

Running Hot

Crescat Capital Videos & Interviews

Download PDF Version The highly probable and downright inevitable unwind of today’s trifecta of financial asset bubbles: stocks, corporate credit, and Treasury bonds may soon morph into brutal bear market. The end game is unstoppable in our view and approaching fast. The Fed is between a rock and a hard place. It has been printing money like it’s the depth …

The Impending End of A Mania

Crescat Capital Videos & Interviews

Read PDF Version An important ratio of commodity versus equity valuations just reached a fresh 50-year low resembling two prior significant cyclical US stock market peaks in 1972 and 2000. Macro Imbalances There is a laundry list of dangerous assets bubbles in the global financial markets today that have built up over a record long US economic expansion: Highest ever …

Kevin Smith on Real Vision | Trade Ideas

Crescat Capital Videos & Interviews

Is the 36-year-old currency peg between Hong Kong and the U.S. on the verge of collapse? Kevin Smith explains his short thesis on the Chinese Yuan and Hong Kong Dollar in his most recent Real Vision interview.

Crescat Launches New Gold Strategy

Crescat Capital Videos & Interviews

“Precious metals are one of the few pockets of this market offering tremendous value to hedge against extreme monetary policies, bursting asset bubbles, and record global leverage”

Tavi Costa Appears on the “Off The Chain” Podcast

Crescat Capital Videos & Interviews

In this conversation, Tavi and Anthony Pompliano discuss Bitcoin, cryptocurrencies, the current U.S. economic markets, China, precious metals, how central bankers handle recessions, and what Tavi thinks is most likely to occur in the macro world over the next few months.

Kevin Smith Interviewed on Real Vision

Crescat Capital Videos & Interviews

Kevin Smith, joins Real Vision for his first Trade Ideas interview to discuss his bearish bet on the stock market. He reviews a variety of valuation metrics, highlights the flashing red signals from his macro indicators, and discusses how to make the trade, in this interview with Jake Merl.

Tavi Costa Interviewed on Real Vision

Crescat Capital Videos & Interviews

Tavi Costa, makes his Real Vision debut in style — with a bullish trade idea on precious metals. He highlights why it’s finally time for gold to start outperforming, supports his thesis by examining a variety of macro indicators, and discusses how to play the current setup, in this interview with Jake Merl.

Russell 3000 To Silver Ratio Now Near Record Levels!

Crescat Capital Current Views

Russell 3000 to silver ratio now near record levels! Double top formation after a retest of peak tech bubble levels? Stunning how historically depressed a “high beta” safe haven asset is this late in the cycle. New Crescat video out: https://www.youtube.com/watch?v=zoDePDL2etE&t=2s

Blow Off Top For Bear Market Rally

Crescat Capital Videos & Interviews

March 23, 2019   Dear Investors:   Thursday had the feel of a blow-off top for the bear market rally. We are near historic valuations for US stocks across at least eight fundamental measures and at a record late stage in the business cycle. Equity markets appear more stretched relative to underlying deteriorating fundamentals than ever. Micron this week was …

Bear Market Rally Looks Done

Crescat Capital Current Views

GDPNow (YoY) is signaling the worst US economic environment since 2015, the year of the China currency mini-devaluation, oil crash, and EM meltdown. The US stock market is levitating while many economic indicators are turning down. Bear market rally looks done.

US Household Gross Assets to Disposable Income

Crescat Capital Current Views

Just one way to visualize today’s asset bubbles only beginning to burst. MMT: The idea that such imbalances can be permanently sustained through money printing without business cycle downturns or inflation. An absurd idea. Not modern at all. Poised to fail as throughout history.

Bear Market Rally Sets Up Opportunity For Crescat Strategies

Crescat Capital Videos & Interviews

Dear Investors: There is indeed a business cycle and timing it ahead of key inflection points is key to successful long-term investing. Based on our analysis, we are heading into a bear market in 2019 that will coincide with the start of a global recession that will not be officially acknowledged until well after it began. For the following reasons, …

Strong 2018 for Crescat – Macro Opportunities Abound

Crescat Capital Videos & Interviews

Crescat Global Macro Fund and Crescat Long/Short fund delivered strong returns for both December and full year 2018 in a difficult market. Based on Bloomberg reporting, Crescat had the number 1 and 2 performing US hedge funds in December and the number 1 and 3 performing US hedge funds for 2018. We are pleased to announce the official performance for …

Will $NFLX Ever Be Able To Monetize?

Crescat Capital Current Views

A major disconnect: The more cash $NFLX was projected to burn, the more its stock price went up for four years. Now, the company is raising prices, but costs are going up too. Will it ever be able to monetize or is this just a QE bubble stock destined to deflate?

This Is Not A Picture Of A Healthy Global Economy

Crescat Capital Current Views

Over 80% of all non-financial stocks in Canada lost money on a free cash flow basis in the last 12 months! Australia, US and Asian countries aren’t too far behind. This is not a picture of a healthy global economy.

2 of World’s Top Funds in 2018 per Bloomberg

Crescat Capital Videos & Interviews

“As the dust settles on a troubled year for hedge funds, some managers escaped the wreckage and even thrived”, according to Bloomberg who recognized Crescat for its leading performance among hedge funds globally in 2018:  https://www.bloomberg.com/news/articles/2019-01-04/hedge-funds-returning-20-show-all-is-not-lost-for-smart-money

Crescat November Performance Update

Crescat Capital Videos & Interviews

December 12, 2018 Dear Fellow Investors, Performance and Profit Attribution In December through yesterday’s close, Crescat Global Macro Fund (CGMF) is up an estimated 5.9% month to date and 29.9% year to date and Crescat Long/Short Fund (CLSF) is up approximately 7.4% month to date and 20.6% net year to date. Through the same period, the S&P 500 is down ...

Crescat Tops the Chart in October

Crescat Capital Videos & Interviews

Dear Fellow Investors, October was a frightening month for investors around the world. From Hong Kong to New York, stock markets were slammed by a wave of fears about slowing growth, trade wars, and higher interest rates. The Nasdaq took the brunt of the damage. Stocks like Amazon and Netflix both lost around one-fifth of their value as the Nasdaq …

Crescat Delivers Strong October Results

Crescat Capital Videos & Interviews

For the third time this year, Crescat Global Macro and Crescat Long/Short hedge funds were featured among Bloomberg’s monthly top U.S. hedge fund performers. See October’s Bloomberg Hedge Fund Brief. Year-to-date and long-term performance remain strong as our macroeconomic themes and proprietary models continue to uncover successful investment opportunities.   © 2018 Crescat Capital LLC   Case studies are included …