Let’s recap the session. Global markets careened lower amidst palpable fears of global depression. It’s hard to just think the decoupling of global trade will end in just 2 quarters. This would, in my opinion, warrant at least a year aka depression. Asian and European stocks crashed through the floorboards, and then our markets opened […]
It’s very obvious what is happening here. Attempting to apply logic and reason and traditional trading patterns to a broken elevator tape due to an idealogical fanaticism in the White House is a recipe for disaster. Before I get into what I think is happening, I want to tell you we sold more in the […]
Wow, what a day. Massive dislocations, amidst spikes in CDS, VIX and an overall discontent over the tariff news. The IWM dislocated by 6.5%, NASDAQ off 6, SPY off almost 5. We shed 2.4%, much better than the market — thanks to a defensive posture. The good: Trash cans: RSG, WCN, WMDrug distribution: MCK, COR, […]
I won’t whine or complain about the WORSE THAN EXPECTED tariffs by Trump — affixing 54% duties on China — but strategize for the future. First the good news: we lightened up a lot into the rally, raising total cash, including our 7-10 year treasuries, to 34%. Markets are taking the news very heavily, sort […]
Investing isn’t always this hard. At any rate, after the market closes tomorrow we shall be ENTREATED to liberation vis a vie wanton tariffs on people who were very mean to us. As such, we do not know how this will be received — because the tariffs can come in anywhere from 5-20%, or perhaps […]
