Macro Strategy and Investment Insights by Tavi Costa
Dollar does not attract usual demand during selloff, Otavio (Tavi) Costa states
Otavio (Tavi) Costa observed that the dollar's muted response was the most important aspect of today's market action. Costa, a portfolio manager at Crescat Capital, questioned the notion that ...
Otavio (Tavi) Costa: Gold correction nearly matches 2008, opportunity seen after pullback
Gold has already corrected by nearly the same amount as it did in 2008, according to Otavio (Tavi) Costa. Costa, a portfolio manager at Crescat Capital, stated that while many are behaving as if ...
Sticky inflation and lower rates could reshape assets, Otavio (Tavi) Costa writes
Otavio (Tavi) Costa, a portfolio manager at Crescat Capital, said recent inflation data indicate that inflation is likely to remain persistently high for the next decade. Costa added that central ...
Otavio (Tavi) Costa: Gold miners have highest free cash flow yield among U.S. equities
Gold miners would be the cheapest group in a comparison of U.S. equity sectors if they were considered a standalone sector, according to Otavio (Tavi) Costa. Costa cited an approximate 10 percent ...
Copper remains resilient while other metals decline, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, described the current divergence between copper and silver as remarkable, highlighting copper’s resilience despite a broader sell-off ...
Otavio (Tavi) Costa: Precious metals see major run-up and correction near support
Otavio (Tavi) Costa, who is a portfolio manager at Crescat Capital, described the current situation with precious metals as having seen a major run-up followed by a healthy correction, now resting ...
U.S. mortgage rates approach 7.5 percent tightening market, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights the impact of rising U.S. mortgage rates now approaching 7.5 percent. He observes that higher rates are making it ...
Otavio (Tavi) Costa: Commodity cycle sets up Brazilian stocks before elections
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, writes that Brazil's commodity cycle was already paving the way for gains in Brazilian stocks prior to elections. He adds that ...
Shift toward international markets underway, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, suggests that a long-term shift away from U.S. exceptionalism and toward international markets could be in its early stages. He ...
Otavio (Tavi) Costa: Brazil poised for extraordinary new chapter after major bull cycle
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, reflects on what he considers a significant night for Brazil. He suggests the country could be entering an extraordinary new phase. ...
Mining-focused fund planned for accredited investors, Otavio (Tavi) Costa reveals
Otavio (Tavi) Costa, founder and CEO of Azuria Capital, announced plans to launch a mining-focused fund targeting accredited investors. Costa described miners as one of the most compelling ...
Otavio (Tavi) Costa: U.S. and China money supply grows 10 percent in 12 months
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, draws attention to a rapid increase in combined money supply for the U.S. and China. He notes that the growth rate has reached 10 ...
Latin America holds many hard assets but remains 1 percent of global equities, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, notes that Latin America holds significant hard assets, yet the entire region represents only 1 percent of the global equity market. ...
Otavio (Tavi) Costa: Silver price lag stands out as market divergence
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, draws attention to the lag in silver prices, calling it one of the most compelling divergences in the market. He notes that copper ...
Latin America could see shift in market leadership, Otavio (Tavi) Costa predicts
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, suggests Latin America may be experiencing a significant shift in market leadership. He points to changing political dynamics, deep ...
Otavio (Tavi) Costa: Miners reach record discount to tech on free cash flow yield
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out that miners are currently trading at their lowest valuation compared to technology companies when measured by free cash flow ...
Inflation expectations near major breakout as macro imbalances persist, Otavio (Tavi) Costa warns
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, warns that inflation expectations are on the verge of a major breakout. He argues that markets are underestimating how current ...
Otavio (Tavi) Costa: U.S. dollar faces key support level test
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that the U.S. dollar is nearing a crucial technical support level. Costa suggests that a break below this support could ...
Silver miners hold record cash as M&A likely, Otavio (Tavi) Costa predicts
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, highlights that silver mining companies have amassed their largest cash reserves in industry history. Costa suggests this financial ...
Otavio (Tavi) Costa: Mining industry represents 1% of global equity market
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, points out that the mining industry comprises only about 1% of the entire global equity market. Costa questions whether this share ...
Fed defending Treasuries compared to bartender denying problem, Otavio (Tavi) Costa notes
Otavio (Tavi) Costa, portfolio manager at Crescat Capital, compared the Federal Reserve's defense of U.S. Treasuries to a bartender downplaying a customer's drinking problem. Costa suggested that ...
