I hope you’re enjoying the seasonal weather and taking advantage of your opportunity to make some memories. The market will always be here, even when we’re long gone, but youth is fleeting and before you know it — you’ll be getting kicked down a flight of stairs while in your wheeled chair.
I always tell people to lower their expectations during the summer months. Traditionally, this is a do-nothing time of year, as most men of leisure of circumstance are summering in Nantucket or Newport, or some other North East locale worth traveling to.
As a matter of fact, for the month of August, bonds perform best, with a little side order of gold — according to Exodus‘ seasonality engines.
Come September, volatility will be kicking up again, junior of the trading turret will be unceremoniously kicked off and things will begin to get back to normal. Even though it’s tempting to believe in a great big gay summer rally, it most likely will elude us, so use this time to research and plot for the fall.
I discussed the divergences in my last post. Expect more of the same, an ideal tape for incredible traders, such as myself, to thrive in, whilst leaving everyone else in the fucking dust.
Off to walk the dogs and chase down some rabbits.Comments »