Macro Strategy and Investment Insights by Tavi Costa
Otavio (Tavi) Costa: Dollar cycles align with shifts in U.S. and emerging market leadership
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that dollar cycles have historically corresponded with changes in market leadership between emerging markets and U.S. equities. ...
Copper-to-Nasdaq ratio near breakout, Otavio (Tavi) Costa argues
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights the potential for a significant breakout in the copper-to-Nasdaq ratio. Costa expresses a preference for investing in ...
Otavio (Tavi) Costa: U.S. 10-year real yields reach two-year high
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out that U.S. 10-year real yields have climbed to their highest level in over two years. He highlights market scrutiny of fiscal ...
Latin American currencies beat U.S. dollar, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out that Latin American currencies have been among the few globally to outperform the U.S. dollar, with the exceptions of ...
Otavio (Tavi) Costa: Market leadership typically rotates in new decades
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out that investors often mistakenly believe leaders from the previous decade will continue to lead in the next. He emphasizes ...
Silver ETF holdings drop nearly 53 percent, Otavio (Tavi) Costa reveals
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant decline in silver ETF holdings, noting that they were down nearly 53 percent just a few days ago. He states ...
Otavio (Tavi) Costa: U.S. rate hikes and costly war are driving selloff in hard assets
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points to two key pressures on the U.S. economy: rate hikes and a prolonged, costly war. Costa argues that these factors are driving a ...
Gold rises and market volatility expected, Otavio (Tavi) Costa expects
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights renewed upward momentum in gold prices. Costa points out that such favorable investment windows for gold are infrequent, ...
Otavio (Tavi) Costa: Silver to S&P 500 ratio returns to long-term uptrend
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights an important market chart as global central banks begin to moderate their previously hawkish rhetoric. According to Costa, ...
Money supply grows at fastest rate in 5 years, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that money supply is currently growing at its fastest pace in 5 years. This development points to significant expansion in ...
Otavio (Tavi) Costa: Gold miners near 40-year support level
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that gold miners are currently sitting at support levels not seen in nearly 40 years. He urges investors to consider this ...
Gold miners trade at record discount to S&P 500, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that gold mining stocks are currently trading at one of their deepest discounts compared to the S&P 500 on record. He notes ...
Otavio (Tavi) Costa: Real yields reach two-year highs amid rising economic pressures
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, warns that real yields have climbed to two-year highs, putting mounting pressure on the economy. He suggests that breaking an economy ...
Fed hawkishness contrasts with ongoing government spending, Otavio (Tavi) Costa argues
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, questions the view that the Federal Reserve is set to become meaningfully hawkish based on recent market charts. He compares this ...
Otavio (Tavi) Costa: Fed could reach 2 percent inflation by changing measurement, not raising rates
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, suggests that the U.S. Federal Reserve could reach its 2 percent inflation target without additional rate hikes or raising the policy ...
Gold miners move to stronger hands, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, draws attention to a shift occurring among gold miners, describing a transition from weak hands to strong hands in the market. He ...
Otavio (Tavi) Costa: Hard asset cycle remains strong despite recent turbulence
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, maintains a bullish stance on hard assets, arguing that the current volatility does not signal the end of the ongoing cycle. Costa ...
Gold moving from weak to strong hands amid China buying, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights China’s ongoing spree of gold purchases. According to Costa, the metal is increasingly transitioning from so-called weak ...
Otavio (Tavi) Costa: Two-year real interest rate at highest since Trump administration began
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the two-year real interest rate has reached its highest level since the Trump administration took office. He also points ...
Gold miners have moved from resistance to support, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights a significant technical shift for gold miners. He states that a 40-year resistance level has now become a major support, ...
Otavio (Tavi) Costa: Gold at 200-day moving average as sentiment shifts
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, observes that gold is currently positioned at its 200-day moving average. He remarks that while this technical level previously offered ...
