January Madness

Frank Byrd, CFA, CFP®

1 day ago

"Knowledge itself is power."

- Sir Francis Bacon (1597)

"Power itself is knowledge."

- Fielder Capital (2025)

March Madness Comes Early

March Madness came early this year. In the last two weeks of January, we saw a year's worth of news. Big news. On tariffs, on immigration, on crypto, on DOGE, on Saudi investing big in the US. For us, though, DeepSeek was the big shocker. Has Big Tech overinvested in capital expenditures for AI? Will we really need as much electricity as many (including us) have assumed in the decade ahead?

Last Friday we sat down to discuss what really matters in all this for our clients. You can watch or listen here ...

We discuss ...

DeepSeek - How does this impact our electricity thesis?
Tariffs and trade deals - What are the economic implications?
Re-shoring US manufacturing - What are the opportunities?
Most contrarian ideas - What popular investments do we predict do worst in 2025?

The landscape is shifting dramatically. Our goal is to evolve and adapt accordingly. If you want help navigating this with your portfolio, let us know.

Yours in the Field,

Frank Byrd, CFA Steve Korn, CFA

IMPORTANT DISCLAIMER: This note is for educational purposes only. It is not a recommendation to invest in any particular security or strategy, since anything mentioned herein may be completely unsuitable for some investors. Speak with your financial adviser before investing. While the information presented herein is believed to be accurate, Fielder Capital Group LLC (Fielder) makes no express warranty as to the completeness or accuracy. Fielder is under no obligation to notify you of any errors discovered later or of any subsequent changes in opinions. Fielder’s employees are not attorneys or accountants and do not provide legal, tax, or accounting advice. Financial planning and investment strategies have the potential for loss. It should not be assumed that any of the securities, transactions, or holdings discussed will prove to be profitable in the future or that investment recommendations or decisions Fielder makes in the future will be profitable or will equal the investment performance of the securities discussed herein. Investing involves risk, including the potential of complete loss of principal amount invested. Fielder offers no guarantees or promises of success. Nothing herein should be construed as a recommendation to buy or sell any securities. Fielder or its employees may have an economic interest in securities mentioned herein.