1 May 2021
Quotes John Wooden Make each day your masterpiece (J Wooden) Successful companies =(attitude + skills)x alignment of teams to strategic vision/purpose Paul Enright's Quadrant Cup & Handle pattern Elliot Waves How nature made possible the emergence of one of the greatest civilisations: picture of the green valley of the Nile in the middle of the desert taken from the ISS Hedge funds' model to reinvent Markets & Macro news Fed says let's print more FX So time to revisit gold (and its poor cousin, silver)? Bitcoin at key juncture but bulls say buy the dip til it reaches USD 100,000 Canaries in the coal mine? Liquidity exiting the weakest links first? Fixed income Low ST rates forever, rebound in LT yields appears to be cyclical, not structural shift at this stage In the long term, several structural forces have contributed to the decline of yields, ie low growth and deflationary pressures: demographics + technology + excess debt + abundance of resources through glob...