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

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Ciao from Sicily! Or, beheaded in Palermo…

Greetings from Sicily, a land of great beauty, great food and great wine. It's a lovely time of year to visit here, neither too...

The Bull Market Trudges On…When Will It End?

Markets had another strong week as the bull market continues apace. I continue to be constructive on micro-caps as the relative disparity remains far...

Running in Place…It’s All About Execution

You ever have that dream where you're being chased and your feet just won't move? You're stuck in the ground and, no matter what...

Spring Is Here…Micro-caps Are Emerging From Their Slumber

Last weekend we were in Seattle visiting the kids. It was wet and cold, a very typical Seattle winter weekend, kinda similar to what...

March Comes In Hot

It was a great end to the week as March 1st brought about one of the best days TW has seen. A 6% gain...

Graduation Date

The biggest news around TW's universe last week came in a Tuesday morning press release from enVVeno (NVNO). Topline Efficacy Data from the enVVeno Medical...

Biotech’s Next Move

On October 28th of last year, I titled my weekly newsletter, In Support of the XBI. In the next two and half months, we...

Groupthink…It’s Not Always Wrong

It generally pays to take the opposite side of the group consensus. When the analyst community all forecasts the same outcome, it's safe to...

Good News Strikes Again…But This Time It’s Different

Almost two years ago, I wrote a newsletter titled, Buy the Rumor, Sell the News. The poster child for that article should have been...

February Looms Large For Several TW Stocks

After staring at various charts, returns and other indicators, I have come to the conclusion that January was just different. Of the stocks I...

Looking Asymmetrical

It's certainly been an interesting start to 2024 with double digit percentage moves in most stocks I follow. The swings have been strong but...

Time for the Russell to Close the Gap

Stocks have started out the new year with a resounding thud. This shouldn't come as a big surprise as the first part of January...

2023 Recap, 2024 Preview and Changes to the TW Universe

As we wrap up 2023, we had an excellent conclusion to what has been a most challenging year. December was great. The rest of...

Happy Christmas

With the holiday season now firmly upon us, I'd like to thank every one of TW's subscribers. The last couple years have been challenging...

Ride The Bull

In case you didn't know, the Russell 2000 has just made it's fastest move ever from 52 week lows to 52 week highs. At...

And The Answer Is…

For those who remember Carnac The Magnificent, the answer is "management is highly confident". Back in the dark ages of life before the internet, Johnny...

My Rally Cap is On!

The turkey hangover can last several hours or even up to a few days. You have overindulged and need to digest for a while...

The Outlook For December

I hope everyone had a great Thanksgiving. Here in Charlottesville, we celebrated with family and friends. The weather was great, the turkey awesome and...

Turkey Day is Coming…Micro-Caps Have Been Turkeys For A While

As we head into the home stretch for 2023, the markets are back in rally mode. Performing best is the S&P 500 and Nasdaq...

It’s Not A Sprint (It’s a Marathon)

This weekend is the Richmond Marathon. Billed as the "friendliest marathon", our daughter is going to be running in her first ever bid to...

Rates Cease Their Upward March (for now…)

This past week saw, to everyone investors' great relief, a much needed bounce in the markets. This was particularly true for smaller cap stocks...

In Support of the XBI

One of my mentors loved to say, "bull markets attract thieves." The point being that, any industry that was garnering investment capital would come...

Testing Support…(Not Likely to Hold in TW’s Opinion)

Last week, when discussing supply and demand, I wrote that "the landscape is tilted towards lower stock prices." That was certainly the case the...

Supply and Demand

This weekend's newsletter comes to you from Napa Valley, CA, where Mrs. Carlson and I are attending a wedding. Napa is not a bad...

Choose Wisely

I have been espousing several themes in this newsletter for quite a while now. These themes are the big picture drivers that impact our...

Time for the Little Guys to Shine…4th Quarter Preview

In college I played second row on the rugby team. Our squad was a solid group of ruggers with a core of both international...

Jumping Beans

Last week the average TW stock was down 2.8%, roughly in line with (or slightly better than) the overall market. As a group, the...

Meaningful Catalysts

This week the heat finally turned off here in Charlottesville with temperatures coming down from the 90's to a more reasonable level. Despite school...

Is the Ice Thawing? XBI Acting Slightly Better…

This past week was dreadfully dull. Volume across the board was anemic and the tone from traders was muted. August may in fact be...

Wrapping up Summer

Sadly, the dog days of summer are over. September is here and investment bankers, traders and most of Europe will be returning to work....

Know What You Own…

"The single most important thing for me in the stock market is to know what you own." ~ Peter Lynch It's tough out there. Markets are...

Fitch Kills The Rally

Inflation data keeps coming down, analysts continue to see an end to rate increases, yet markets are weak. What gives? My opinion, it all...

INmune Updates Shareholders and Other Thoughts

The big news this past week was INmune (INMB)'s earnings release and conference call. Or was it? The stock was down over 10% on...

Asking For Compassion From TFF

TFF Pharma has been a terrible stock. It has gone straight down for longer than I care to remember. I admit to having been...

XBI…Waiting For The Breakout

When explanations make no senseWhen every answer's wrongYou're fighting with lost confidenceAll expectations gone If those words from Swing Out Sister's song "Breakout" don't sum...

In Search of the Holy Grail

The Holy Grail is a treasure that serves as an important motif in literature. With mystical powers, the belief is that drinking from this...

Things are Heating Up

Now that we've officially declared "Global Warming" as misleading, having rebranded it to "Climate Change", the world seems to be heating up faster than...

It’s Beach Week And The Sun Was Shining On TW’s Names

Holiday weeks are generally the slowest times in the market both in terms of activity and also news flow. With the 4th of July...

Where to Find Fireworks? We Go Looking.

As I sit here today in Massachusetts, socked in by a combination of Atlantic fog and Canadian smoke, it's tough to imagine a beautiful...

Free Call Options

This week I'm writing about a topic I like to refer to as "Free Call Options". Honestly, the name is a little misleading but...

Several Updates

Last week I wrote extensively about INmune Bio (INMB), my favorite stock idea heading into the second half of 2023. The numerous catalysts and...

The Spotlight Turns to INmune Bio…

When I initially got involved with INmune Bio (INMB), one of the first pieces I published on the company was titled, "INmune’s Efforts in...

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...
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.