This Is A "Once In 100 Year Scenario"
My friend Lawrence Lepard details where the U.S. stands heading into summer in his most recent investor letter.
Friend of Fringe Finance Lawrence Lepard released his most recent investor letter last week. He gets little coverage in the mainstream media, which, in my opinion, makes him someone worth listening to twice as closely.
Larry was kind enough to allow me to share his thoughts heading into Q2 2025. The letter has been edited ever-so-slightly for formatting, grammar and visuals.
Larry offers up what I believe to be an extremely clear, concise and accurate analysis of the situation the U.S. finds itself in heading into the summer.
TRUMP GIVETH….TRUMP TAKETH AWAY
When we look back, March of 2025 will go down in the history books as the point at which the Everything Bubble began to burst. Peak to trough in the first quarter and the first two weeks of April, the S&P 500 index was down 21% (officially a bear market). Did Humpty Dumpty fall or was he pushed?