Trump 2.0
Turning to the markets, the secret to successful investing is the art of having strong views, loosely held. For the better part of our careers, we’ve been bearish bonds. “Project Zimbabwe” and all that jazz. However, we’re open to other views… Over the past month, we have been astounded by the progress made by Trump,…
Fund Flows Flip
Things may be light over the next couple weeks as we are in South Florida taking meetings during the annual iConnections pilgrimage. In our typical fashion, we don’t pay the 20k entry price to roam the halls, but rather sit with a cold beer at a local bar and laugh as the sleeveless vests descend…
The Year of the Snake…
We are going to keep the commentary light this week as you have plenty of reading to do with the Happy Hour transcripts. However, last week we noted our increasing interest in the China theme when we wrote: “After stopping out on a lot of our China exposure in Q4, we’re back at it. We…
October 27, 2024, Vol. 198
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China’s “Whatever it takes” Moment – The Year of the Dragon
What the hell is going on over in China?? First, they detonated their real estate sector. Remember how homes are for living in, not speculating?? Then, they locked down for germs (you can’t be a superpower if you’re scared of the common cold). Finally, they crowned Xi as king, right after the party congress/purge.…
China Is Looking Up…
This quarter’s 13Fs was non-eventful. As we’ve noted ad-nauseum, we went “full harvest” in recent months and cleaved off the chaff. Things get wacky at the tops and unless its related to gold, new CUSIPs just aren’t interesting. The only small nugget that caught our eye was the ongoing bull campaign by Tepper (Appaloosa) and…
August 18, 2024, Vol. 189
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