Tailwinds' Newsletter brings you macro-oriented views on the latest global news.

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Wrapping Up May

Writing this newsletter in on May 31st as I'm heading out to another graduation, this time in South Carolina. I've driven through the state,...

Keep The Faith…Rubber Eventually Meets Road

One of my readers has been leaving me a lot of messages about Anixa (ANIX) of late. The general gist of his communication is...

Back in the Saddle

Last week I took off from publishing as I was meant to be skiing out west. Well, not exactly skiing in the traditional sense...

Upcoming Catalysts For A Catalyst Driven Market

This week's newsletter is a mid-week job as I'm heading out to the west coast for some back country skiing on several volcanoes of...

This Time It’s Different!

My thesis heading into 2023 was to expect a trader's market. This looked to be a year filled with catalyst driven moves and high...

Anixa Delivers On The Data While The Stock Rollercoasters

A few weeks back I wrote about catalysts that weren't going to help your stocks. It was meant to be a little tongue in...

Coming Out Of Hibernation?

This past week saw very big gains in my two largest holdings, with Anixa (ANIX) trading up 34% and INmune Bio (INMB) closing up...

How Low Can It Go?

Not to spend too much time looking in the rear view mirror, but a note I got from BTIG this past week did a...

Three Months Down

If you like roller coasters, investing in TW's universe certainly gave you thrills in the first Q. Our portfolio was up 15% in January,...

3 Dot Lounge…

When I moved to San Francisco in 1989, Herb Caen was a renowned columnist for the San Francisco Chronicle. His was an unabashed lover...

Upcoming Catalysts (or, Meaningful Events That Probably Won’t Help Your Portfolio)

How do you know when you're in a bear market? The simplest answer is this, All News Is Bad. When a company puts out...

Black Swan Diving

Funding just got tougher. My frequent description of TW's universe is that of "public venture capital". Our stocks share many of similarities with those companies...

INmune Bio: Things Turning For The Better

This past week was a surprisingly great week in TW's universe. I say surprisingly as, after watching INmune Bio (INMB) take a morning bath...

Market Tests Support…Here’s What To Do.

In the last two newsletters, I have been saying that the markets looked ready to move lower. More exactly, two weeks ago I said...

Execution is Key

A lot of market forecasters have been declaring this past week to have seen the end of the recent bull market. Having missed the...

Ruminating On INmune, Anixa and More

After a great start to the year, this last week the stock market reminded investors not to get too complacent. As I've said several...

Double Trouble

Last year I wrote an article comparing playing backgammon to investing. The key to success in backgammon is focusing on the doubling cube. Knowing...

Looking for 3-5X This Year? These Two Jackpot Stocks Offer That Potential

In 2022, interest rates killed micro-cap. This year, with increased expectations of a recession and an associated end of rate increases, the smaller stocks...

The January Halftime Report

It has been a great start to 2023, particularly for smaller, growth stocks. The most likely explanation for this is investor expectations regarding inflation...

For The TW Portfolio, Our FATE Awaits

This past week, thanks to a big move on Friday, saw the markets start the new year on a positive note. Investors increasingly believe...

The Light at the End of the Tunnel

In the hills just west of Charlottesville lies the Crozet Tunnel. Built in the mid 1800's, it was a major supply route in the...

Holiday Cheers!

in 2022 I will not be filling your inbox on Christmas Day, instead taking a week off from publishing. This will give everyone a...

Santa Claus Ain’t Coming To Town

Earnings and Interest Rates drive everything in the stock market. At the core of investing, this is all you need to know. When earnings...

Informed Decisions

This past week I had a rather interesting conversation with a very shrewd investor who has done quite well over the course of his...

Pardon Me

One of the strangest Thanksgiving Day traditions in this country is the annual pardoning of the Turkeys. This tradition, started by John F. Kennedy...

Pot Watching…

As a kid, I grew up in the Boston area. Which makes me a life-long Red Sox fan. Since 2003, this has been a...

Crashing Bitcoins and Other Thoughts

Wil the last one in the Crypto room please turn out the lights? The last time I wrote about Crypto was in August when I...

Dinner Table Talk

As a kid did you eat your vegetables first or save them for last, hoping your parents wouldn't notice? I always ate them first...

Counting Down to Catalysts

This past week Mrs. Carlson and I got the opportunity to tour the West Wing of the White House. A really unique and exciting...

Keeping An Eye On The Trees

Everyone has heard the saying, "can't see the forest for the trees." Roughly translated this speaks to getting so caught up in the minutiae...

Resetting Expectations

Yesterday I wrote my weekly newsletter. I wasn't happy with it. It lacked clarity of thought and didn't deliver upon the theme I was...

Bringing Down the House

With almost three months left in 2022, we are very close to setting a new record in the stock market. That would be the...

Welcome Back???

I guess I should have been more specific about who was in charge of the markets while I went on vacation. Because, whoever took...

Moving Day

At The Masters golf tournament, day three of the event is often referred to as "Moving Day". This is the time at which the...

Don’t Fight The FED. TW’s August Recap.

Sometimes you get it right. Here's what I said in my last July newsletter, as I previewed August. Overall, I continue to be very optimistic...

The Bear Returns

After a head-fake rally heading into Chairman Powell's long-awaited annual FEC policy speech in Jackson Hole, markets came to the realization that the FED...

When News Is Good

TW turned in a very strong performance last week, with our accounts up 4% relative to a loss of 2% in the S&P 500...

Pendulum Swings

Market movements are similar to the arc of a pendulum. They swing way past fair value in one direction only to see the inertia...

The Domino Effect

This week, in what was a somewhat nostalgic moment for me, Cryoport (CYRX)'s earnings hit the newswire. For long time readers of TW, you...

Micros Rallied in July, Can It Continue?

Just when it's hottest in NY, and all the bankers have taken off for the Hamptons, we get to earnings season for the micro-caps...

Dog Days of Summer

Markets had a solid week but Friday was a classic example of what can happen during the slow summer months. Liquidity dries up and,...

Taking the Long View on TFF

This week my group had a Zoom call with TFF Pharma (TFFP). Over the past year TFF has become a very polarizing stock. There...

Catalysts Aplenty, a 2nd Half Preview

It's tough to read too much into a small sample size but the first week of July's stock performance has me thinking that my...

June in Review

Okay, so I lied. I said that I wouldn't have a newsletter this week but couldn't help myself and here we are with a...

This Week’s Newsletter

In a welcome, and overdue respite, markets rallied this past week. As we have been suggesting would be the case, the relief rally was...

High Degree of Confidence

This week I'm writing my newsletter on Thursday as I'm heading out to California this afternoon. The upcoming weekend will be spent in Downieville,...

June Gloom

In San Diego, this time of year the mornings can bring coastal fog. Referred to as "June Gloom", it usually lingers until late in...

Establishing Lows

In big market crashes, virtually every stock gets pummeled in unison. The market moves to an extremely oversold condition and the buying opportunity of...

CEO Knows Best

The saying about insider stock transactions goes like this, "there are many reasons for insiders to sell but only one reason for them to...

It’s Still The Early Innings

Two weeks ago this newsletter was titled, "Don't Fight The Fed". That week I discussed why the market was headed lower. The bottom line...
DFC Advisory Services LLC (dba TW Research Group) is an investment adviser. We are also compensated for publishing information on certain companies. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.