WM 3 December 2023

Quotes

Lessons & Thoughts

   

    

Macro news

Money

GDP

GDP = Population x Productivity x Leverage (credit)

GDP = gross domestic product is based on spend. GDI = gross domestic income is based on sales

CPI

Geopolitical risks

Asset allocation & Yield curve

FX

Precious metals

Bitcoin

Fixed income

Interest rates = the short end is controlled by money supply and central banks, the high end is controlled by market participants and investors.

    

Real estate

Equities

Commodities

Oil

Uranium

    

Copper

Wheat

Themes, Sectors & Corporate news

Small caps

Growth vs value

Cyclicals vs defensives

Smid vs large caps

Themes

Sectors

Africa

Speculative behaviours

TSMC

Disney

Airlines

Wind turbines

Defence vs Deficits

Best performers over last 30 years