What I Learned This Week

It would be a mistake to misunderstand what the new progressive movement is about and the support it is getting.

We avoid politics in this publication. But we do focus on political movements because they can have a huge impact on the financial markets. For instance, for years, we have written about all those who were left behind in America. We were among the first to note the immense popularity of Bernie Sanders. It was clear to us that the forgotten people would become an enormous political force, which is exactly what happened in 2016. We also wrote for years about the global migration crisis, especially in Europe - so Brexit came as no surprise. More recently, we've written about the rise of women in politics - which we think is the largest political movement in America in generations. And that lea…

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