Philosophy Break

It would appear that a new phase in the markets is beginning. But this change is in a very early stage as the CNBC cheerleaders do not acknowledge anything new developing.

The thing that this brings to mind….

Contrarianism, ie. bucking the trend, is not easy, most of the time you will be working with valid insights but the trend is too powerful to overcome. But with patience you generally can see the benefit of the Macro approach.