3/20/2026
Here is the latest from Sitka Pacific, a financial advisor and manager
The letter is typical of mainstream advice. The discussion is on the latest political development, tariffs, and of course the FED. Actually they do display a very germane graph, and then ignore its message.
the message is that the 39 year cycle of interest rates has bottomed. The trend is now up
Rates rose from 1942 to 1981, rates fell from 1981 right in March 2020. The Ten Year Treasury Note bottomed at a .5% miniscule yield. In six years it is already 4.3%. the chart shows global yields which are lower than the US with its $39 T admitted debt but possibly $100T considering entitlements. Actually the next comment is the most important in the letter.
In 2025, there were very few markets which detracted from the performance of a globally diversified portfolio. Such a golden market environment is relatively uncommon, and it is unlikely it will be repeated any time soon.
Exactly 2025 was the fifth wave of many. My last post listed the market highs and dates since last October 29, 2025. I uite agree that the bull market of April 2025 to thisebruary will be repeated any tie soon.
Yet if market history is any guide, the pivot that unfolded during the first half of this decade ushered in a market environment that will last for some time to come. Leadership changes in equity market and currency performance, like we have seen recently, usually lead to a market regime that endures 8–10 years. Pivots in bond yields and inflation, as we have also seen in recent years, have, in the past, led to a new market regime that endures for a decade, or longer.
We anticipated these shifts in the market landscape, and while there will certainly be volatility along the way, our approach is well suited to this new market environment.
I quite agree this is a regime that will last 8-10 years, but not the one they anticipate.
INDU is down 9.3% in a calendar 40 days, a new regime indeed.
thanks for reading ProfessorElam, it should safeguard your wealth unlike mainstream services.

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