There are two ways to play this tape.
1. Fast intra-day rips, which is predicated on knowing the market well and having tools like Stocklabs to help you scout. It also requires a modicum of skill, which is either innate or taught over thousands of hours of toil.
2. Formulate a well reasoned and balanced approach to equities. If you’re in it for the long term and taking losses — you have no choice but to dollar cost average into a down tape. If you are retired and cannot add to your account — YOU MUST CHANGE YOUR HOLDINGS to reflect the current environment. If you’re long growth and down 50% waiting for them to come back — you are taking the wrong approach to this tape. From an economic standpoint, the Fed is now working against you. Thus, high growth is only reasonable in commodities now.
In the past I suggested a zero allocation into commodities. Now if I was putting together a portfolio my advice would be inverse — no tech, all in on commodities.
You will see volatility and if you’re micro-managing your account you might get shook and forced to sell during a bad tape. But ultimately, and until we see demand destruction reduce the price of oil, the only game in town is in commodities.
Having said that, I think we’re in a bear market so I am always always hedged for downside protection.
I finished the day +230bps and all of the lads inside the Pelican Room banked.
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Got in $UUUU at $8.20 gona ride this fker to the moon
Putin announced that he endorses a plan to nationalize foreign-owned businesses that flee the country over its invasion of Ukraine
Both Trudeau and Zelensky are class of 2000 grads of the World Economic Forum Young Global Leaders program.
Armstrong is on top of this stuff
What do gas prices do to Uber drivers? Have they been given an increase?
OpenTable # of seated diners last month
40% below prepandemic levels in NYC, Phila, Minneapolis, San Fran, Portland, OR & Cambridge, MA
# of diners fully recovered in Vegas, Miami, Nashville, Phoenix, Charlotte, & Austin, as well as in Oklahoma, Nebraska and New Hampshire.”
From Tom Woods
Comment section: Clownish bears left speechless
Fly: I think we’re in a bear market
No points awarded
Comment section may want to rethink its strategy
China set its lowest annual GDP target since 1991.
the unusually modest target: 5.5% growth for 2022
Armstrong