Capturing Inequality
This is so boring, the last nine months that is. Our portfolios are in a stalemate, making money in long gold and long bonds, treading water in short oil, and losing money in short stocks. It makes sense,…Continue Reading →
Portfolio
Tracking Fund Updates
One Month Tracking Fund Update Through February 10 Here are charts for the two main tracking funds that we set up on January 11, 2017 to see and track two opposing concepts for portfolio structure in this contentious environment….Continue Reading →
Getting Set for Trump, Portfolio Build
A Changing of the Guard As we have outlined since last July, Trump has been pretty predictable. His administration is primarily made up of men who have lived off the system for their own benefit. The real question is whether…Continue Reading →
A Fear Trade
No Sign of a Bottom on T-Bonds and Gold Yesterday I had a number of questions and comments come through my private email group. A question that predominated was based around the fact that the charts for Gold and 30 yr…Continue Reading →
Markets, the Election is Still in Play
While the media is doing its best to show that the election is over, the fact remains that we are looking at two very flawed candidates and anything could happen before this is all over. While Clinton has a lot…Continue Reading →
Market Cross Currents
Since the beginning of the year the markets have seen a lot of cross currents. Stocks have dropped, rallied, and are essentially struggling in attempts to make and hold new highs. No doubt some of this attempt to make new…Continue Reading →
Yesterday was a Terrible Day for the Markets
Yesterdays strong opening rally in stocks, T-Bonds, and Gold and the subsequent decline all day was, to us, a sign that the FED taper could be a real weight on the market starting on the 19th. As such we are selling…Continue Reading →
The May-October Rolling Top Keeps Rolling
The trading range in the S&P 500 which we have outlined numerous times before and where we expect most of the trades to occur during this topping process is 1587 to 1662. Outlier trades can broaden the range to 1555…Continue Reading →
Think May to Oct, Year 2000 or 2007
I think we will turn down our exuberant language after last Friday’s employment report as after looking at a lot of indicators this looks a lot like the stock market tops in 2000 and 2007. Nothing ever exactly repeats. So…Continue Reading →
Doubling Short T-Bond Positions Today
Our defensive posture has been working well since mid September and the first support level in stocks is coming in range. We want to maintain our short stock position for much more aggressive long-term objectives. As such, a short-term trade…Continue Reading →