My new strategic portfolio is intended to receive all of my best ideas, conviction trades that I often miss out on because I’m too busy trading to and fro. One of my best ideas, if not the very best, is being long US long dated bonds. This trade has been poor and the specter of renewed inflation is always just around the bend ready to grab our legs when we start running. Nevertheless, it’s only a matter of time when we see MATERIAL WEAKNESS in the global economy, from which will bring forth a flight to safety into bonds — cascading yields and general acrimony.
My other dunk shot investment is UBER. People talk shit about UBER — but always use it when in the city. Their brand is unassailable and once they can figure out how to rid themselves of drivers — margins are off to the races.
I am trading extremely light today, since I do believe in my heart of hearts a great calamity looms.
More later, +16bps.
If you enjoy the content at iBankCoin, please follow us on Twitter
Flying taxis …unassailable brands …and you call yourself a pessimist?
Look at who’s running our country. I’m going to ask the board to review your membership.