Michael Lebowitz, CFA

Buy and hold is not a process... Buy and hold is a recipe to give back half or more of what you have earned over the last 5-10 years. Have a process and understand risk. You can make back money but not time.

BREAKING: GOLD COLLAPSES AS ARAB GULF STATES SELL THEIR ASSETS TO RAISE MONEY Put differently, in this time of crisis, they are selling their gold in favor of US dollars.

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Will private credit stress push the Fed to once again backstop irrational exuberance? realinvestmentadvice.com/resources/blog…

This helps explain why the Brent-WTI spread is soaring.

Could rising credit stress force the Federal Reserve's hand? Join @michaellebowitz and me for #TheRealInvestmentShow, streaming-live at 6am CDT on YouTube, Meta, LinkedIn, & X. (Links are in the comments)

A Fed Balancing Act open.substack.com/pub/simpleviso…

@BickerinBrattle They hold off today and regret it tomorrow, is my guess.

@michaellebowitz Yep. After the session with Fed bank examiners throughout 2025 where NDFI loan flow was replaced by personal credit backed by equity collateral, Fed is very aware of the "structures note" of AI private credit and equity. They cut tomorrow

Will private credit stress push the Fed to once again backstop irrational exuberance ? realinvestmentadvice.com/resources/blog…

@dbaeza13 Thank you..

@michaellebowitz Brilliant article by the way, sir

Will private credit stress push the Fed to once again backstop irrational exuberance? realinvestmentadvice.com/resources/blog…

M2 Money Supply: Is 45% Growth Really Inflationary? open.substack.com/pub/simpleviso…

The Brent WTI Spread: The Market’s Take On Iran open.substack.com/pub/simpleviso…

The recent rotation from growth to “value”, passive investors, in actuality, are selling value stocks to buy expensive stocks. Confused? In this follow-up, we take our three-tier earnings valuation framework, introduced in the article, a step further to uncover true value stocks. realinvestmentadvice.com/resources/blog…

Data Center Leases: Is Spending Mindful Of Revenues? open.substack.com/pub/simpleviso…

Data Center Leases: Is Spending Mindful Of Revenues? open.substack.com/pub/simpleviso…

3-14-26 Oil Isn’t The Only Thing Moving Markets
— Watch The Dollar In this short video, @michaellebowitz explains why investors shouldn’t focus only on #crudeoil prices now. The strengthening U.S. dollar $DXY may be just as important. A stronger dollar can suppress commodity prices, weaken $GLD / $SLV and foreign markets, pressure multinational earnings, and effectively tighten financial conditions globally by making dollar-denominated debt more expensive. In other words, the dollar rally itself can act like a form of global monetary tightening that slows demand. If you like this video, please ❤️like and 🔁retweet

@FredIntelBear Definitely some but very hard to quantify

@michaellebowitz Michael, how much affect do you think the freeze in private credit is having on liquidity available in the economy and markets?

BESSENT: A LONG WAY FROM FED GOING BACK TO QE Talk about blatant BS- the Fed is doing QE

They are not doing enough. Animal spirits are not very supportive either. Lastly, regardless of the amount of reserves, the money supply depends on how aggressively banks and brokers lend. If they are conservative, the impact of QE will be minimal. QE1 at the start of the GFC was a dud for this reason for a while.

@michaellebowitz Is there a reason why this QE isn’t good for risk assets anymore?

@dvpswe Thank you

@michaellebowitz I appreciated your explanation on the RIA show yesterday. Very helpful.

While everyone focuses on volatile oil prices, the dollar is nearing a breakout higher. An appreciating dollar tightens monetary policy outside of the US and helps tame import prices. Many other implications as well.