Oct 5

Where's the Beef?

Where's the Beef? The Thread · Issue #13 · October 5, 2026 Ground beef hit ten dollars a pound at my grocery store, and I went looking for someone to blame. What I found was a cattle herd at its smallest since 1951, money changing hands from ranchers to packers to feedlots, and a ninety-day policy clock running inside a three-year biological one. It's also a lesson in why household inflation arrives in spikes, not averages. Chapters 0:00 — Ten-dollar ground beef 1:20 — The usual suspects 2:20 — Nobody holds the money for long 4:30 — Fewer cattle, same appetite 5:35 — Why more cattle means less beef, for now 7:20 — A ninety-day fix for a three-year problem 9:00 — This cycle will turn 9:45 — What this means for you 13:35 — Monday dinner Sources and further reading Screwworm status in the US (USDA APHIS): https://www.aphis.usda.gov/animals/animal-health/livestock-and-poultry-disease/stop-screwworm/current-status Rancher margins and packer losses (Drovers): https://www.drovers.com/news/industry/unpacking-beef-report-clarifies-cattle-market-realities-packer-challenges-trade-ten Tyson's Lexington, Nebraska plant closure (University of Nebraska–Lincoln): https://cap.unl.edu/news/economic-impacts-tyson-beef-plant-closure-lexington-nebraska/ Tyson beef network restructuring (Tyson Foods): https://www.tysonfoods.com/news/news-releases/2026/8/tyson-foods-announces-network-restructuring-beef-business-strengthen-long The feedlot squeeze (Oklahoma Farm Report, Dr. Derrell Peel): https://www.oklahomafarmreport.com/2026/09/21/cow-calf-corner-dr-derrell-peel-the-feedlot-house-of-cards-is-collapsing/ Retail beef margins widen (RFD-TV): https://www.rfdtv.com/retail-beef-margins-widen-as-consumer-prices-climb Imports haven't lowered grocery prices; cattle price drop (American Farm Bureau): https://www.fb.org/intel/markets/increased-beef-imports-have-not-lowered-prices-for-consumers DOJ requests grocer pricing data (Transport Topics): https://www.ttnews.com/articles/doj-beef-antitrust-grocers US cattle herd at smallest since 1951 (University of Florida IFAS): https://rcrec-ona.ifas.ufl.edu/media/rcrec-onaifasufledu/pdf/2026_01_AR.pdf Consumer demand holding beef prices up (Drovers): https://www.drovers.com/news/beyond-fewer-cows-how-consumer-demand-holding-beef-prices Import proclamation and production outlook (White House): https://www.whitehouse.gov/presidential-actions/2026/08/further-ensuring-affordable-beef-for-the-american-consumer/ Ground beef average retail price (FRED, St. Louis Fed): https://fred.stlouisfed.org/series/APU0000703112 July cattle report and herd stabilization (American Farm Bureau): https://www.fb.org/intel/markets/july-cattle-report-signals-stabilizing-cattle-herd Executive order on meat processing (NewsNation): https://www.newsnationnow.com/politics/trumps-executive-order-meat-processing/ The last cattle cycle's price decline (Purdue): https://ag.purdue.edu/commercialag/home/?p=12550 Consumer Price Index by category (Bureau of Labor Statistics): https://www.bls.gov/news.release/cpi.t07.htm The Strait of Hormuz and oil supply (European Central Bank): https://www.ecb.europa.eu/press/blog/date/2026/html/ecb.blog20260727~1212bdb8f9.en.html Short-Term Energy Outlook (US Energy Information Administration): https://www.eia.gov/outlooks/steo/ The bolognese (New York Times Cooking): https://cooking.nytimes.com/recipes/1026551-spicy-creamy-weeknight-bolognese Read the full piece https://matthewgdavis.substack.com [replace with the final issue URL at publish] About The Thread The Thread is a biweekly essay from Matthew Davis, co-founder of Sherwood Financial Partners — following the connections that shape your financial life. It starts with what people are actually feeling about money and traces it back to the economy: a calmer way to stay informed. Read and subscribe at matthewgdavis.substack.com. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Sep 21

Who Planted My Shade

Who Planted My Shade The Thread · September 21, 2026 My grandfather died earlier this month. This issue is about him and my grandmother — two people from a mountain in Arkansas who built something, lived like they hadn't, and gave most of it away. It's also about what a financial backstop actually buys you, which turns out not to be the ability to take risk, but the ability to survive losing. SOURCES AND FURTHER READING The earlier issue this piece follows from: https://matthewgdavis.substack.com/p/the-shade-we-sit-under Primary source for the biographical material: A Time to Remember, the autobiography of V. Glenn McCoy, revised 2012. Unpublished family document. READ THE FULL PIECE https://matthewgdavis.substack.com ABOUT THE THREAD The Thread is a biweekly essay following the connections that shape your financial life. Written by Matthew Davis, co-founder of Sherwood Financial Partners, a fee-only RIA in Westlake Village, California. Each issue starts with something people are actually feeling about money and traces it back to the economy — so you understand not just what's happening to you, but why. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Aug 24

The Shade We Sit Under

The Shade We Sit Under The Thread · August 24, 2026 My grandfather kept certificates of deposit spread across bank after bank, every account under the federal insurance limit, tracked by hand on a spreadsheet for years. He was using a system built in 1933 by people who were mostly gone before anyone stopped noticing it worked. This episode is about protections that disappear when they succeed — deposit insurance, acid rain, lead, the ozone layer — why the costs are always visible and the benefits never are, and what happens to savers who find the edge of the perimeter the hard way. CHAPTERS 0:00 — The spreadsheet 2:10 — Why it existed: 1933 4:35 — March 2023 and the edge of the floor 6:30 — Yotta, Synapse, and the apps in your pocket 8:25 — Acid rain, lead, and the ozone layer 9:55 — Who gets a bill 10:50 — The objection worth taking seriously 11:45 — Planting for a season you won't see SOURCES AND FURTHER READING FDIC, A Brief History of Deposit Insurance in the United States https://www.fdic.gov/resources/publications/brief-history-of-deposit-insurance/book/brief-history-deposit-insurance-1.pdf FDIC, The 1930s https://www.fdic.gov/history/1930-1939 Yale Journal of Financial Crises, on the 1933 bank holiday and Treasury licensing https://elischolar.library.yale.edu/cgi/viewcontent.cgi?article=1654&context=journal-of-financial-crises NBER working paper, on bank reopenings after the holiday https://www.nber.org/system/files/working_papers/w31088/revisions/w31088.rev1.pdf Journal of Financial Economics, on deposits returning before insurance existed https://www.sciencedirect.com/science/article/pii/S0304405X24001910 Federal Reserve Office of Inspector General, material loss review of Silicon Valley Bank https://oig.federalreserve.gov/reports/board-material-loss-review-silicon-valley-bank-sep2023.pdf CNBC, on Michael Barr's testimony about the withdrawal attempts https://www.cnbc.com/2023/03/28/svb-customers-tried-to-pull-nearly-all-deposits-in-two-days-barr-says.html Fortune, on Fed economists comparing SVB to 1930s rural banks https://fortune.com/2023/05/15/svb-signature-collapse-1930s-rural-banks-failures-fed-economists/ American Banker, on California's consent order against Yotta https://www.americanbanker.com/news/california-fines-yotta-1m-for-deceiving-savers NBC News, on the bankruptcy trustee's findings https://www.nbcnews.com/business/business-news/synapse-bankruptcy-trustee-says-85-million-customer-savings-missing-fi-rcna156108 Banking Dive, on the CFPB action and the victim compensation fund https://www.bankingdive.com/news/cfpb-sues-synapse-plans-use-victims-fund-pay-end-users/758776/ Banking Dive, on the $1 million California fine https://www.bankingdive.com/news/california-fines-yotta-1-million-customers-still-out-millions/820764/ CBS News, on payment apps and deposit insurance https://www.cbsnews.com/news/paypal-cash-app-venmo-payment-apps-deposit-insurance-cfpb/ EPA, Acid Rain Program results https://epa.gov/acidrain/acid-rain-program-results EPA, power sector emissions reductions progress report https://www.epa.gov/power-sector/progress-report-emissions-reductions CDC, MMWR on blood lead levels in American children https://www.cdc.gov/mmwr/volumes/70/wr/mm7043a4.htm World Meteorological Organization, on ozone layer recovery https://wmo.int/media/news/small-and-short-lived-2025-ozone-hole-confirms-long-term-recovery-trend READ THE FULL PIECE https://matthewgdavis.substack.com ABOUT THE THREAD The Thread is a biweekly essay by Matthew Davis, co-founder of Sherwood Financial Partners, a fee-only registered investment adviser in Westlake Village, California. Each issue starts with something people are actually feeling about money and traces it back to the economy — so you understand not just what's happening to you, but why. Following the connections that shape your financial life. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Aug 10

Locked In, Locked Out

The Thread · Issue #10 · August 10, 2026 The housing market didn't just get expensive — it stopped moving. This issue traces why: a building shortage that never recovered, a rate-lock freeze that's uniquely American, and a downsizing math that keeps owners in place while a whole generation waits outside. The result locks some people in and shuts others out, and the only force that reliably loosens it is building. Chapters 0:00 — A studio behind a side gate 2:15 — A shortage, then a traffic jam 3:10 — The correction that never came 5:15 — Why the thirty-year mortgage is uniquely American 7:20 — Downsizing, from my side of the desk 9:40 — The traffic jam: how the moving chain froze 11:20 — The homes that were never built 12:40 — Who this lands on — and what to actually do Sources and further reading Where the thirty-year fixed sits now (Freddie Mac PMMS): https://www.freddiemac.com/pmms Institutional investors as a minor factor in prices (Freddie Mac research): https://www.freddiemac.com/research/insight/20220609-what-drove-home-price-growth-and-can-it-continue Institutional investors as a small share of the market (Urban Institute): https://www.urban.org/urban-wire/will-regulating-large-institutional-investors-actually-make-housing-more-affordable New limits on the largest investors (the Road to Housing Act, via CNBC): https://www.cnbc.com/2026/07/11/21st-century-road-to-housing-act-homebuyers-sellers.html The mortgage rate lock-in effect, measured (Federal Housing Finance Agency): https://www.fhfa.gov/research/papers/wp2403 Rate lock as ~40% of the price gap (Harvard Joint Center for Housing Studies): https://www.jchs.harvard.edu/research-areas/working-papers/mortgage-rate-lock-and-house-prices History of the FHA and the long-term mortgage (HUD): https://www.hud.gov/program_offices/housing/fhahistory Homeownership rate, historical series (US Census Bureau): https://www.census.gov/housing/hvs/data/histtabs.html The thirty-year mortgage and ownership (Ed Pinto, American Enterprise Institute): https://www.aei.org/housing-center/housing-finance/housing-finance-fact-or-fiction-fha-pioneered-the-30-year-fixed-rate-mortgage-during-the-great-depression/ The capital-gains home-sale exclusion (IRS): https://www.irs.gov/taxtopics/tc701 Property-tax transfer for homeowners over 55 (California Proposition 19): https://www.boe.ca.gov/prop19/ Moving chains research (Evan Mast, Journal of Urban Economics): https://www.sciencedirect.com/science/article/abs/pii/S0094119021000656 The supply side of the housing challenge (St. Louis Fed): https://www.stlouisfed.org/on-the-economy/2026/apr/supply-side-of-us-housing-challenge Young adults living with parents, 2000–2017 (Urban Institute): https://www.urban.org/research/publication/young-adults-living-parents-basements Housing costs and young adults, by income and metro (Urban Institute): https://www.urban.org/urban-wire/high-housing-costs-are-keeping-more-young-adults-their-parents-homes About The Thread The Thread is a biweekly essay from Matthew Davis, co-founder of Sherwood Financial Partners — following the connections that shape your financial life. It starts with what people are actually feeling about money and traces it back to the economy: a calmer way to stay informed. Read and subscribe at matthewgdavis.substack.com. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Jul 27

Will It Still Be There?

Will It Still Be There? The Thread · Issue #9 · July 27, 2026 The retirement trust fund is projected to run short in 2032 — and the honest translation of "runs out" isn't "gone." This issue traces what the headline gets right, what it gets wrong, and why a problem this well documented still hasn't been fixed. The answer has almost nothing to do with the math. Chapters 0:00 — Will it still be there? The question every client asks 1:30 — What Social Security is, and why we built it 3:15 — Why it's at risk: the demographics underneath 4:45 — What 2032 actually means 7:00 — Why a 22% cut hits deeper than a percentage 8:45 — Can they actually do this? Flemming v. Nestor and the promise 10:15 — It can be fixed — and it has been before 12:45 — The common thread: attention, not fear Sources and further reading Elderly poverty, 1959 (NBER): https://www.nber.org/bah/2004number2/social-security-and-elderly-poverty Report of the Committee on Economic Security to Roosevelt, 1935 (SSA History): https://www.ssa.gov/history/reports/ces/ces5.html Poverty without Social Security, official measure (Census Bureau, via the nonpartisan Congressional Research Service): https://www.congress.gov/crs-product/R45791 Worker-to-retiree ratio, 2026 Trustees context (J.P. Morgan Asset Management): https://am.jpmorgan.com/us/en/asset-management/adv/insights/retirement-insights/hot-topic-social-security-2026-trustee-report-context-clarity-path-ahead/ Life expectancy at 65, historical (SSA History): https://www.ssa.gov/history/lifeexpect.html 2032 depletion, Trustees summary (SSA): https://www.ssa.gov/oact/trsum/ Combined-fund date, 2034 (SSA press release): https://www.ssa.gov/news/en/press/releases/2026-06-09.html Projected reductions (Congressional Budget Office): https://www.cbo.gov/publication/62271 Average monthly cut near $500 (CRFB, via Fortune): https://fortune.com/2026/06/05/social-security-24-percent-cut-2032-crfb-scott-bessent-back-door/ Your earnings record (SSA my Account): https://www.ssa.gov/myaccount/ Flemming v. Nestor, 1960 (SSA History): https://www.ssa.gov/history/nestor.html The taxable-wage cap (CNBC): https://www.cnbc.com/2026/03/09/million-dollar-earners-social-security-2026.html Read the full piece https://matthewgdavis.substack.com [replace with the final issue URL at publish] About The Thread The Thread is a biweekly essay from Matthew Davis, co-founder of Sherwood Financial Partners — following the connections that shape your financial life. It starts with what people are actually feeling about money and traces it back to the economy: a calmer way to stay informed. Read and subscribe at matthewgdavis.substack.com. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Jul 13

Why Cheap Energy Can't Reach Us Yet

Why Cheap Energy Can’t Reach Us Yet The Thread · Issue #8 · July 13, 2026 You keep hearing energy is getting cheaper, but your bill only climbs. Both are true — and the gap between them is the whole story. This issue takes an electric bill apart: why the cost of making power has collapsed to the cheapest in history, why that’s the one part of your bill behaving, and why the real climb is in the wires and the fire. It ends where the hope is — cheap local power, batteries, and what all of it lets us do next. Chapters Estimated — will refine after audio QC. 0:00 — Open 0:30 — Ray, and the bill that keeps climbing 2:00 — The cheapest power we’ve ever made 4:30 — So cheap it goes negative (and gets spilled) 6:30 — The fear that quietly faded 8:00 — Two things sharing one bill: generation vs. delivery 10:30 — Wires and fire 13:00 — Both things are true 14:30 — What cheap power lets us do next: remote grids, batteries, Australia 17:30 — So what do you do with this Sources and further reading Lazard, cost of building new power by source (solar/wind cheapest for the tenth year; new gas at a ten-year high): https://www.lazard.com/research-insights/levelized-cost-of-energyplus-lcoeplus/ Our World in Data, long-run collapse in solar panel prices: https://ourworldindata.org/cheap-renewables-growth Negative wholesale prices in Southern California (~1,180 hours in 2024): https://resurety.com/article-negative-prices-in-caiso/ EIA, California curtailed 3.4 million MWh of wind and solar in 2024 (93% solar), and the solutions: https://www.eia.gov/todayinenergy/detail.php?id=65364 Haas / Energy Institute at UC Berkeley, generation is a minority of a California bill: https://newsroom.haas.berkeley.edu/research/report-reveals-inequity-in-electricity-pricing-calls-for-rate-reform-to-help-fight-climate-change/ Severin Borenstein on why California rates are high (delivery, not generation): https://www.energysage.com/news/ca-electricity-rates-increase-96-percent-2014-to-2024/ EIA, California residential electricity price (~35 cents/kWh): https://www.eia.gov/electricity/monthly/ California rates up ~40% since 2019, steepest in the nation (Energy Institute at UC Berkeley): https://www.edhat.com/california/news/california-sees-nations-largest-electricity-rate-increase-up-39-since-2019/ Wildfire as a growing share of a California utility’s costs: https://www.solarwithwatts.com/eds-blog/why-is-electricity-so-expensive-in-california SCE rate advisory (wildfire self-insurance): https://www.sce.com/save-money/rates-financing/sce-rate-advisory IEA, rising cable and transformer prices: https://www.iea.org/news/rising-component-prices-and-supply-chain-pressures-are-hindering-the-development-of-transmission-grid-infrastructure PowerMag, transformer demand and shortages: https://www.powermag.com/transformers-in-2026-shortage-scramble-or-self-inflicted-crisis/ Yale E360, PG&E remote grids replacing fire-prone lines: https://e360.yale.edu/digest/microgrids-power-lines T&D World, the Briceburg remote grid through a 2021 wildfire: https://www.tdworld.com/distributed-energy-resources/article/21278234/pge-remote-grid-delivers-wildfire-safety-and-ratepayer-savings CAISO, California battery storage growth (2020–2025): https://www.caiso.com/documents/2024-special-report-on-battery-storage-may-29-2025.pdf Clean Energy Council, Australia rooftop solar at scale: https://cleanenergycouncil.org.au/news-resources/rooftop-solar-and-storage-report-july-to-dec-2025 Read the full piece The written edition, with every source linked inline: https://matthewgdavis.substack.com/ About The Thread The Thread is a biweekly essay by Matthew Davis, co-founder of Sherwood Financial Partners, following the connections between the economic forces and the everyday financial decisions they shape. One thread per issue, pulled slowly, from what you’re feeling about money back to the systems underneath it. Compliance disclosure The full compliance disclosure for this episode is available with the text of this post, at matthewgdavis.substack.com. This briefing is for informational purposes only and does not constitute investment advice. Always consult with your financial advisor before making investment decisions. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Jun 29

The Price of Optimism

The Price of OptimismThe Thread · Issue #7 · June 29, 2026 A rocket company went public, the stock soared and then gave much of it back — and underneath the noise sits a plainer question: when you buy a stock like this, what are you actually buying? This issue traces the gap between a company's fundamentals and its story, and why you may already own a piece of the most-talked-about stock on the market without ever choosing to. Chapters0:00 — The couple's question1:25 — What you're actually buying: fundamentals vs. story3:30 — SpaceX: five companies in one ticker4:50 — The valuation gap: $2T vs. $780B6:45 — A great product isn't a good investment8:00 — What moves the price without moving the business9:45 — Why you may already own it11:20 — What to do with this12:45 — Close Sources and further reading SpaceX first-week surge, float, and the Nasdaq "human spirit" quote — CNBChttps://www.cnbc.com/2026/06/12/spacex-ipo-spcx-live-updates.html Current valuation — Investing.comhttps://www.investing.com/equities/spacex Morningstar's $780B fair-value estimate — NPRhttps://www.npr.org/2026/06/12/nx-s1-5855004/stock-ai-spacex-ipo-elon-musk 2025 revenue and net loss — Morningstarhttps://www.morningstar.com/stocks/6-charts-spacexs-s-1-financials AI venture renting compute to rivals — CNBChttps://www.cnbc.com/2026/06/05/google-to-pay-spacex-920-million-a-month-for-xai-compute-capacity.html$25 billion debt sale — CNBChttps://www.cnbc.com/2026/06/23/spacex-debt-bond-market-ipo.html How index funds are adding SpaceX — Morningstarhttps://www.morningstar.com/funds/spacex-ipo-how-index-funds-are-adapting S&P 500 holding out — CNBChttps://www.cnbc.com/2026/06/05/spacex-blocked-from-early-us-benchmark-index-entry-as-sp-reaffirms-existing-rules.html Rivian owner satisfaction — Consumer Reportshttps://www.consumerreports.org/cars/rivian/r1t/2025/owner-satisfaction/ Read the full piece: https://matthewgdavis.substack.com About The Thread The Thread is a biweekly essay and audio edition from Matthew Davis, co-founder of Sherwood Financial Partners. It starts with what people are actually feeling about money and life, and traces it back to the economy — so you understand not just what's happening to you, but why. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

Jun 22 · Bonus

What Did We Borrow For?

What Did We Borrow For? The Thread · Special Report · June 22, 2026 Episode summary A client in his early sixties asked me a question I couldn't put down: we've borrowed tens of trillions of dollars — where did it all go, and who actually pays it off? This special report pulls that thread. Almost all of it went to making the present easier — cushioning two crises, cutting taxes, fighting wars — and very little to building the future. Now the interest bill has crossed a trillion dollars a year, and the bill is coming due just as the generation meant to pay it grows smaller. The number isn't destiny. It's the sum of choices we can still see clearly enough to act on. Chapters Estimated — will refine after audio QC 0:00 — Cold open 0:25 — Ron's question: where did it all go? 1:14 — Putting the number in proportion 2:18 — Where it all went 3:45 — The cost of carrying it 5:14 — Why this time is different 6:26 — Ron's date: Social Security's math 8:09 — Not a cliff, a decision 9:41 — What I'd actually tell Ron 10:54 — The common thread 12:11 — Where to read the full piece Sources and further reading The number and the proportion The 2001 surplus and CBO's projection to pay off the debt, plus the breakdown of how the debt rose since — including the share passed with bipartisan votes — Committee for a Responsible Federal Budget https://www.crfb.org/papers/riches-rags-causes-fiscal-deterioration-2001 The current national debt (above $39 trillion) — U.S. Treasury, Fiscal Data https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/ Debt as a share of GDP, and the interest-cost projections — Congressional Budget Office https://www.cbo.gov/publication/61882 The cost of carrying it The federal interest bill crossing $1 trillion a year (and how it compares with defense and Medicaid) — American Action Forum, on CBO's February 2026 outlook https://www.americanactionforum.org/insight/highlights-of-cbos-february-2026-budget-and-economic-outlook/ The 30-year Treasury auction clearing 5% — CNBC https://www.cnbc.com/2026/05/19/treasurys-yields-inflation-traders-fed-interest-rates.html Why this time is different Defense spending after World War II, and why today's fiscal outlook is harder — Peter G. Peterson Foundation https://www.pgpf.org/article/why-is-the-us-fiscal-outlook-more-daunting-now-than-after-world-war-ii/ The ratio of workers to Social Security beneficiaries — Peter G. Peterson Foundation https://www.pgpf.org/article/the-ratio-of-workers-to-social-security-beneficiaries-is-at-a-low-and-projected-to-decline-further/ The worker-to-beneficiary ratio falling below 2.5 — Bipartisan Policy Center https://bipartisanpolicy.org/explainer/immigration-social-security-solvency/ Social Security's trust-fund projections — Social Security Administration, Trustees Summary https://www.ssa.gov/oact/trsum/ Read the full piece The written edition includes every source linked inline and all four charts embedded directly. https://matthewgdavis.substack.com Related — why the cost of an ordinary life keeps climbing (Issue #4): https://matthewgdavis.substack.com/p/the-thread-issue-4-may-18-2026 About The Thread The Thread is a biweekly newsletter and podcast from Matthew Davis, co-founder of Sherwood Financial Partners. It follows the connections between the economic and political stories shaping your financial life — for readers and listeners who want a calm, data-driven lens on a noisy news cycle. Compliance disclosure Matthew Davis is the co-founder of Sherwood Financial Partners, LLC (”Sherwood”). Sherwood is a registered investment adviser. This platform and this briefing are solely for informational purposes and do not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investing involves risk and possible loss of principal capital. The information contained herein is not intended to convey or constitute legal or tax advice. Past performance is not indicative of future performance. Comments by viewers or third-party rankings and recognitions are no guarantee of future investment outcomes and do not ensure that a viewer will experience a higher level of performance or results. Public comments posted on this site are not selected, amended, deleted, or sorted in any way. If applicable, certain editing of personal identifiable information and misinformation may be deleted. The opinions expressed herein are those of certain Sherwood personnel and are subject to change without notice. The opinions referenced are as of the date of publication and are subject to revision due to changes in the market or economic conditions and may not necessarily come to pass. Any opinions, projections, or forward-looking statements expressed herein are solely those of author, may differ from the views or opinions expressed by other areas of the firm, and are only for general informational purposes as of the date indicated. Sherwood believes that the content provided by third parties and/or linked content is reasonably reliable and does not contain untrue statements of material fact or materially misleading information. This third-party content may be dated. This briefing may discuss and display charts, graphs, and formulas; these are not intended to be used by themselves to determine which securities to buy or sell or when to buy or sell them. Such charts, graphs, and formulas offer limited information and should not be used on their own to make investment decisions. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit matthewgdavis.substack.com

The Thread

Where's the Beef?

Who Planted My Shade

The Shade We Sit Under

Locked In, Locked Out

Will It Still Be There?

Why Cheap Energy Can't Reach Us Yet

The Price of Optimism

What Did We Borrow For?

Ratings & Reviews

One of the more insightful podcasts

About

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The Thread

Episodes

Where's the Beef?

Who Planted My Shade

The Shade We Sit Under

Locked In, Locked Out

Will It Still Be There?

Why Cheap Energy Can't Reach Us Yet

The Price of Optimism

What Did We Borrow For?

Ratings & Reviews

About

Information