The FirmThree sectors, one discipline
LAG has been investing in alternative asset classes for over a decade. The firm takes an active investment approach and builds upon 30 years of investment experience.
Lobato Advisory Group is an investment firm based in Miami Beach, Florida. The firm works in three areas: venture; systematic liquid strategies; and digital assets, through Bitcoin mining. Our own capital is invested in every strategy we run.
What We Do
Venture
Company building and early-stage capital through Ikove Venture Partners, turning research into operating businesses.
The venture companiesLiquid Strategies
Three systematic strategies on written rules: Cascade, Apex and Updraft, across futures, ETFs, stocks and options.
The strategiesDigital Assets
Bitcoin mining operations and a long-term digital asset position, through NeuraHash.
Digital assetsThe TapeLatest from The Tape
France: The Street and The Deficit
Five hundred fifty thousand people in the street, a deficit of 5.1 percent of GDP, and a ten-year borrowing cost at its highest since 2002.
Read the pieceSix Times Bigger, While Growth Is Cheaper
Chip stocks are worth 6.4 times what they were the day ChatGPT launched. On the other side of the ledger, the price of a point of earnings growth has been falling all year, back to where it started.
Read the pieceCore inflation rose 0.3% in September against 0.2% expected, and the market threw the baby out with the bathwater.
Layoffs are near 50-year lows, hiring has stalled, and workers have stopped quitting.
Consumers say they feel miserable, yet spending keeps rising, and only one of those facts matters for earnings.
The Nasdaq 100 is at records, but most stocks are not participating, and two names explain three-quarters of the year's gain.
Mortgage rates froze the housing market without crashing it, leaving prices almost untouched.
Nearly all long-run stock market wealth was created between the closing bell and the next morning's open.
ResearchFrom the desk
The Weekend Spread
A personal take on markets, business, and ideas. A weekly letter, published every Saturday.
theweekendspread.comMacro Updates
Our macro letters: the monthly Income Cascade letter and the macro archive, on rates, currencies and the forces moving markets.
The macro lettersThe Tape
What the market is actually doing, week to week: breadth, sentiment, housing, employment and the overnight tape.
The TapeThe Lab
One subject at a time, explained from the ground up: inflation, the history of financial crises, art as an asset.
The LabWhy I Invested
The companies I own and why I own them, starting with Micron: the thesis, the price targets and the risks.
Why I Invested