A low frequency but juicy strategy where the edge is government incompetence.
Let’s dig in…
May 18, 2025, Vol. 225
The next few weeks may be a bit dull around here. We remain convinced that the best strategy is to step away and await the US equity market crash. KEDM is long overseas markets (they’re working), we’re long gold (it’s working), and not much else is working in US markets, besides Ponzi.
We have a lot of cash, and we’re on the way to Crete for a well-deserved vacation. We think that this fall will be wild, and those who are most rested, will likely do the best. Until then, we’re fixated on avoiding unforced errors—especially with bonds looking increasingly precarious. Maybe we’re wrong to be so bearish, but we’ve done this long enough to know that when we get like this, we aren’t able to hold onto stuff through even a shallow pullback. It’s better to simply step away…
The only mildly interesting event for us this week is combing through the 13Fs as the deadline was this past week. Yes, its stale, especially after it printed pre-Liberation. That said, we always scroll through to get a sense. In typical KEDM fashion we took the BSD and threw it in our format for easy consumption.
Kuppy’s Event Driven Monitor (“KEDM”) is not a financial or investment advisor and the information contained in this publication is not intended to constitute legal, accounting, or text advice or individually-tailored investment advice and is not designed to meet your personal financial situation. The investments discussed in this publication may not be suitable for you. You are required to conduct your own due diligence, analyses, draw your own conclusions, and make your own investment decisions. Any areas concerning legal, accounting, or tax advice or individually-tailored investment advice should be referred to your lawyers, accountants, tax advisors, investment advisers, or other professionals registered or otherwise authorized to provide such advice. KEDM makes no recommendations whatsoever regarding buying, selling, or holding a specified security, a class of securities, or the securities of a class of issuers, and all commentary is for educational purposes only. The investment examples noted are intended to provide and example of the events and data KEDM flags each week and is not representative of typical returns generated by each event or any future returns.