Archive for November 2020

What Have we Learned ?

Trump has taught Americans that speculation and leverage are easier than hard work. Can we unlearn this, it will be difficult and probably will require some combination of inflation and high, not just higher, interest rates. We now are going…Continue Reading →

Biden Strong Dollar Trade

This morning we pulled the short Gold portion of that trade and put that money to work in more short S&P and Nasdaq 100. I hope you have a Good Thanksgiving.

Things are Unfolding

The following are three of the backup charts that we use, charts that I see as part of the adjustment to value in the macro environment. Here is the first, the Biden strong dollar trade that includes long bonds and…Continue Reading →