President & CIO at Merk Investments
Axel Merk is the President and Chief Investment Officer of Merk Investments, manager of the Merk Funds. Follow @AxelMerk on Twitter. Subscribe to Merk Insights for free at more

ALL CONTRIBUTIONS

Fixing Banks; It’s Not That Complicated
Policymakers, for whatever reason, are not talking about the lack of mark-to-market accounting with a requirement to account for unrealized losses.
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Higher For Longer - Implications
To fight inflation, the Fed is committed to “higher for longer”. We may agree or disagree with the Fed’s approach, but we may be well served to take the Fed literally.
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Equity Market Chart Book
The S&P 500 is still vulnerable to an earnings contraction (relative to expectations). Sell-side projections suggest 2023 S&P earnings will be 4% higher than last year.
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Business Cycle Chart Book
While many leading indicators have been suggesting elevated recession risk for several months, coincident data remains reasonably strong.
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Equity Market Chart Book - Thursday, Dec. 22
While there are cross-currents at work, the path of least resistance for the market is likely still lower.
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Business Cycle Chart Book - Wednesday, Dec. 7
Incoming data continues to be consistent with a high recession risk for 2023. The US Manufacturing PMI has fallen below 50, the dividing line between expansion and contraction, for the first time since March 2020.
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STOCKS I FOLLOW

ADRE BLDRS Emerging Markets 50 ADR Index Fund
AGG iShares Trust - iShares Core U.S. Aggregate Bond ETF
CYB WisdomTree Dreyfus Chinese Yuan Fund
DBEM DBX ETF Trust
DBV PowerShares DB G10 Currency Harvest Fund
DIA SPDR Dow Jones Industrial Average
EDC Emerging Markets Bull 3x Shares
EMF Templeton Emerging Markets Fund (Delaware)
EWZ iShares MSCI Brazil Index Fund
FXE Euro Currency Trust
FXY CurrencyShares Japanese Yen Trust
GLD SPDR Gold Trust ETF
GOVT iShares Core U.S. Treasury Bond ETF
IAU iShares COMEX Gold Trust
JGBD Deutsche Bank AG, London Branch
JGBL PowerShares DB Japanese Govt Bd Futs ETN
JGBS Deutsche Bank AG, London Branch
PLW PowerShares 1-30 Laddered Treasury Portfolio
SH ProShares Short S&P500
SPY SPDR S&P 500
TPS 10 Stocks BRIDGES
TRSY PIMCO Broad U.S. Treasury Index Fund
UDN PowerShares DB US Dollar Index Bearish Fund
UUP PowerShares DB US Dollar Index Bullish Fund
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TWEETS

PERSONAL BLOG

Latest Posts

Work Experience

President and CIO
Merk Investments
September 1994 - Present (29 years 2 months)

Education

Brown University
Computer Science (M.Sc.)

Publications

Sustainable Wealth: Achieve Financial Security in a Volatile World of Debt and Consumption
Axel Merk
Wiley
10/26/2009

A personal finance guide for today's turbulent world. Sustainable Wealth empowers you to achieve your financial goals by unleashing the shackles of debt, no matter how uncertain the future may be. Filled with in-depth insights and practical advice, this reliable resource illustrates how you can predict economic booms and busts before they happen, adapt to changing markets and plan for lasting financial stability.

Merk Investmente Newsletter
Axel Merk
Merk Investments

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Merk Insights Blog
Axel Merk
Merk Investments

Merk’s insight and expertise have allowed him to foresee major economic developments: As early as 2003, he identified the building of the credit bubble; in 2005, he positioned his clients to move out of real estate and the faltering U.S. dollar by investing in hard currencies and gold; in early 2007 he

wisely cautioned that volatility would surge, causing a painful credit contraction affecting all asset classes.

Read the latest Merk Insights providing the Merk perspective on currencies, global imbalances, the trade deficit, the socio-economic impact of the U.S. administration’s policies and effects on your wealth.

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