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

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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...

Stepping on Rakes

Last week was the second week in a row where the TW portfolio was basically unchanged. A sign that markets are calming down? Actually,...

It’s A Process

This past week in Charlottesville, The Boar's Head Women's Open took place. This is an annual tennis tournament featuring 32 professional tennis players, most...

How’s Your Balance (Sheet)?

The bear market rally has ended. I hope you enjoyed the reprieve but it's likely to get worse before it gets better. I am...

Your Home Is Worth What???

This weekend I'm out in California for a birthday party. The weather is warm, the streets are crowded and the houses are insanely priced....

The New Reality

"Change is the only constant in life" ~ Heraclitus On Friday morning the first thing that caught my eye on Twitter was the happy announcement...

Separating the Wheat From the Chaff

As war continues in the Ukraine the repercussions are just beginning to be felt globally. The longer this battle continues the more it will...

Buy The Rumor, Sell The News

Markets are a discounting mechanism. In real time they discount future actions. There are very few times that events catch the market by surprise....

This Trend is NOT Your Friend

Volodymyr Zelenskyy is a hero. Contrary to what I thought would happen last week, Ukraine is putting up a valiant battle, holding off the...

Putin It In Perspective

By the time you read this newsletter, there's a good chance that the Ukraine will be begging for a ceasefire and, basically, surrendering to...

Good News

There's been an ongoing joke in the TW Slack chat room. It goes like, "please tell not to issue any more bullish press...

End Game

Another wild week in the markets, which is simply par for the course. At this time investors are speculating over the number and timing...

Metamorphosis

What a week in the markets, right? The past five days saw the biggest ever one day loss by a single company, followed shortly...

This Week’s Billboard Headline…Glenn Mattes Stars As Rocky Balboa!

When we had kids I was super excited to watch classic movies with them once they were old enough. Top on my list was...

Welcome To The Terrordome

Stocks are down again. It's a bloodbath. The micro-cap/biotech selloff has spread like Omicron, affecting everything that trades. There is likely more to come. Because,...

ParkerVision’s Time is Nigh…

Knock me over with a feather but there's finally been some movement in the ParkerVision (PRKR) vs. Qualcomm (QCOM) trial in Orlando. This is...

Welcome to 2022?

So much for thinking 2022 was going to be an improvement over last year. Last Sunday I tested positive for covid then, on Monday,...

Happy New Year!!!

Investing in micro-cap stocks with a 3-5 year time horizon, which is my expectation for a holding period every time I enter a position,...

Who Believes? Santa Rally Coming…

Yesterday it was 70 degrees in Charlottesville. While playing platform tennis in a t-shirt and shorts, the comment was made that it seems unlikely...

No QUESTion, This Stock’s A Winner

The irony of it all. While many companies scour the planet searching for potential gold mines, there's a garbage dump in the UK containing...

Bottom Picking

My constant refrain for most of 2021 has been that I don't like the market but love the stocks in my portfolio. I can...

Turkey Shoot…December Preview

Well, that didn't last long, did it? On Tuesday and Wednesday we saw what looked like a great reversal for biotech. The XBI opened...

The Worst Bull Market Ever

Similar to how the richest billionaires are getting a disproportionate amount of the wealth in the US, the companies they founded are becoming an...

Three Non-Biotech Stocks

Higher interest rates and inflation are not good for long-term investment plays. When earnings are years out, a change in the discount rate can...
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.