WM 22 January 2022
Quotes On a lighter note, for those keen to understand the current geopolitical situation Lessons & Thoughts Trading plan In trading, the only thing you can control is yourself Wedge pattern Sizing What is know is worthless Macro news Money But not if liquidity out Money growth minus nominal GDP growth = PE change This is why global PMI (growth) drives yields Gold & Precious metals? Cryptos: liquidity drying up FX Fixed income Yield curve Negative yielding bonds in retreat The Fed is behind the (yield) curve That being said Reminiscence of 1994 Two yield curves = ST rates = inflation. LT rates = growth => Stagflation Growth is slowing: inflation may have peaked Real estate Meanwhile in China Equities Are you not entertained Testing key support levels -5% is a dip (happens 4x / year), -10%+ is a correction (every 1.5 years) , -20%+ is a bear market (every 4 years), -35-50%+ is a depression (every 10-20y) Yields and equities Breadth When spot Vi...