Yesterday’s CPI report showed prices up 7.9% YoY, which was the highest reading since 1982.  Even more concerning, this was before the impacts of the Russian/Ukraine war is reflected in the data.  Market volatility is exceptionally high and pessimism is quite pervasive.  There are legitimate fears that inflation in excess of wage growth could cause...Read More

Today was a very sad day with Russia executing a rather substantial invasion of Ukraine.  The events certainly shook up markets, causing a massive selloff to begin the day, only with the indices ending up positive, bolstered by Technology stocks.  It’s obviously a tragic scenario and it seems as though Putin is committed to “demilitarize”...Read More

The Russia/Ukraine spat has definitely heated up with Russia formally recognizing the two provinces in Eastern Ukraine that it already had informal control over.  Obviously things are fluid and can always devolve further, but markets seems to be pricing in a decent amount of this risk currently.  Energy and commodities seem like the biggest beneficiary...Read More

Heightened concerns about military conflict between Russia and Ukraine have rattled markets the past two weeks. Just today, the S&P 500 was down 2.12% and the Nasdaq was down 2.88%.  The 30 second version is that Russia wants assurances that Ukraine won’t join NATO and has long-term cultural affinity with the territory.  Ukraine wants its...Read More

Last December, we wrote this article Russia – Scary but Too Cheap to Ignore  Honestly, we got quite a few negative responses from it as people thought Russia was “uninvestable.”  This has also been the general sentiment by many market “experts.”  At T&T Capital Management (TTCM), we are long-term deep value investors.  By nature, we...Read More

What if I told you that with the S&P 500 at an all-time high, you could buy one of the 5 most important companies in the world for 2 times earnings?  The same company has very low leverage and a dividend yield well in excess of 7%.  These are real opportunities that we are finding...Read More