Paulo Macro Kliff Notes
We want to thank Paulo Macro for joining us on Friday for our “All Things Macro” Happy Hour. Beer and wine were flowing and we jumped into a ton of interesting topics like Paulo’s “New Big Short”, a deep dive into inflation, US Dollar, fiscal driving monetary, and of course commodities. Rather than offer the…
This Market Feels Spooky…
We’re increasingly of the view that we may now be approaching a rough patch, possibly even the end of the road in terms of this economic cycle (March 2020 to fall 2024??). In our careers, near the top, every investor always says something baggy like… Given the “Project Zimbabwe” framework at play, that fall may…
A Boomers Perspective
We are going to start by beating a dead horse here as breadth continues to deteriorate… https://x.com/sentimentrader There are times to be long, and times to step away. We’re in the process of stepping away, continuing our harvest… Since the stock market has become an AI market, (NVDA and not much else—anyone even remember SMCI??)…
Our Fave Ponzi…
We want to quickly touch on our favorite Ponzi Scheme. When a Ponzi makes a new all time high, you want to buy it. However, you need to be careful as it may be a trap. Look at the red circle, that was a trap. It sucked in the last few baggies on the highs,…
Times Are A Changin’….
We’re changing our tune a bit here at KEDM. After spending years alone in the desert thinking that Fiscal trumps everything else, and laughing at all the recession lunatics who were shorting at the lows in 2022, we now feel that our desert island is getting a bit crowded. Too many Macro bros suddenly agree…
Harvest Time!!!
Turning to the markets, we don’t make market calls here at KEDM but we can’t help feel something a bit off in the market. The fukwits seem back in charge. Generally we are all for taking money from the crayon eaters but it feels a bit different this time around. Breadth is still ok’ish but…