Articles by: Kirk Spano

4th Quarter Macro And Market Outlook

This week, I am reintroducing a piece that I did for years for clients of my investment advisory. I am moving it to Seeking Alpha, so a wider audience can tell me that I’m wrong about things. Each quarter, I will brush over my general outlook for the economy, corporate […]

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2018: Rising Risk — But Upside Still

2018 will mark the 10th anniversary of the global financial crisis. Since then, the economy has been on a record long expansion and the stock market has roughly tripled from its bottom. Unfortunately, fear of further pain and a completely new economic environment have kept many people cynical and out of the […]

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Freedom From OPEC Is Getting Much Closer

A few years ago, in a 2013 article on MarketWatch, I predicted that by early in the next decade, the United States would no longer need imported oil from OPEC. I was in no uncertain terms told I was wrong by many pundits and commentators, as well as, flat out laughed at. “…Because the […]

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Understanding and Investing in the “Slow Growth Forever” Global Economy

For the past few years, I have been writing about how the global economy is poised for a very long period of slower growth. Early this year on MarketWatch, I dubbed what was going on as “slow growth forever.” While I know that people want to believe that the global and U.S. economies can grow faster, the reality is that slower growth is structural in nature. 

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Freedom to Profit from Change

The “dark” philosopher Heraclitus of Ephesus said that, “the only thing that is constant is change.” In today’s world, change is so constant, and seemingly accelerating, that many people are befuddled because they feel the world is passing them by. This feeling of being passed by, which drives frustration and anger, is nothing new though. Thousands of years ago, people had the same feelings. If change has always caused frustration and anger, has anything really changed?

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Average Stock 2015

2016: A Stealth Bear Market Crashes In

Happy New Year! For me I am glad to see 2015 go. I had a heart injury, a house fire and have been early on several stock picks. Such is life. I survived, nobody got hurt in the fire, I’m back in my house and early doesn’t usually mean wrong if you are patient.

This is very important reading in my opinion, so please get a beverage and hunker down for a half hour. At least one topic I’m going to cover could spawn a book, but I will keep it as short as possible.

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Unique Firm Structure

A Brief Description of Bluemound Asset Management and working with me… Bluemound Asset Management, LLC is a fee-only registered investment advisor working in your best interests. The firm is bound, by choice, to the fiduciary standard of care which is an obligation that most advisors do not make. I have developed […]

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U.S. OPEC Imports

Why I Am Buying Energy Stocks Again

In autumn of 2011, I wrote in MarketWatch’s “Next Great Investment Columnist” competition, that one thing was going to change everything for America. That one thing was the development of our own natural gas and oil reserves. My analysis landed me a spot on of the Wall Street Journal network in November of 2011. A few weeks later, Citigroup and Goldman Sachs made public their research that agreed with mine.

U.S. OPEC ImportsBy 2012, banks and investors started flooding the oil and gas market with money for drilling projects. In my annual freedom letter of 2012, I said that America’s oil and gas development was so great that it would ultimately lead to our freedom from OPEC. I repeated that sentiment on MarketWatch but few people in the broader population believed me. Today, American imports of oil and gas from OPEC are at the lowest levels in 28 years and down over 50% from the 2008 imports.

Last summer in an article titled the Peak Oil Plateau I laid out the case for dramatically lower oil prices and why to sell most oil and gas stocks. As it turns out, I understated the case and prices crashed even further than I anticipated as traders were able to pound shares to prices below what is justified due to pessimistic investor psychology lasting well beyond the financial crisis. After about a year now of carnage among oil and gas companies struggling with debt and low energy prices, I believe we are in store for another dramatic shift.

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