Unique Perspectives


“The task is not so much to see what no one has yet seen, but to think what no one has yet thought about that which everybody sees.” -Arthur Schopenhauer. FFTT’s research routinely “thinks what no one has yet thought about that which everybody sees” – this new perspective adds significant value to our clients’ investment process and outcomes.


In Depth Analysis


FFTT marries its unique thought process with detailed analysis of the topics its writing on, not just identifying new ways to think about opportunities and risks, but also providing an investable themes backed by rigorous analysis and supporting charts.

Critical Thinking With Integrity


Having the physical ability to “think what no one has yet thought about that which everybody sees” is of little use to clients unless one has the integrity and independence to share those thoughts with clients. As an independent research firm wholly-owned by Luke Gromen, we have the ability to communicate to our clients in great detail “what no one has yet thought about that which everybody sees.”

Unparalleled Expertise


As data increasingly becomes commoditized, free thinking becomes priceless.

FFTT, LLC launched in 2014 with one goal in mind – to marry our unique dot-connecting abilities with our in-depth analytical work and our relevant historical perspectives to create differentiated, money-making insights that help our clients’ investment process and investment outcomes.

Lead Analyst:


Macro-Thematic Trends

Luke Gromen

Fed’s choice: Hike rates into an energy-induced recession or cut rates into an inflation spike? (FFTT, 10/20/21)

The global economy will fall into recession or worse in 2022, thanks to high energy prices. Yet, no one seems to have noticed.  High coal, oil, and natural gas prices will bring about a prolonged global recession, if not a depression. To put this in context, oil prices would have to rise by $225 per barrel to have the same economic impact alone as that of the combined fuel cost increases. Fossil fuel use will be much

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The 10 Most Interesting Things We’ve Read Recently (FFTT, 10/15/21)

US NFIB Small Business survey says General Business Conditions are recessionary (Page 2) Economic data are nearing recessionary as commodities appear to be breaking out (Page 4) “Energy is being used as a weapon, UK Defense Secretary warns” (Page 6) “Shale drillers may spend more, but don’t expect a production bonanza, even at $80 oil” (Page 8) “Putin defends cryptocurrencies amid global regulation push” (Page 10) “Biden to press climate change agenda on Wall Street”

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History is rhyming with early 2004 – will it trigger a multi-year bull run for commodities like in 2004? (FFTT, 10/13/21)

From 1946-1971, the USD was pegged to gold, first at $35 and then $42/oz.  In August 1971, that peg broke. From 1979-2004, the USD was “pseudo-pegged” to oil between $15-30/barrel– when oil got to $15, the Fed cut rates; when oil neared $30, the Fed hiked rates. “Peak Cheap Oil, Part 1” combined with Chinese oil demand and the Fed being forced to loosen policy into a commodity spike by the worsening subprime crisis caused

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