Author: evencio.alvarez14@gmail.com
-
Mistakes Are The Way
“I’m only rich because I know when I’m wrong… I basically have survived by recognizing my mistakes.” ~George SorosFrom the time of our upbringing we are taught that mistakes are bad; that they are cause for embarrassment, and that they should be avoided at all cost.This is indelibly imprinted onto our minds at a very young…
-
Action Through Inaction
Michelangelo once said, “genius is infinite patience.” A master trader understands this truth on many levels. Infinite patience is essential to staying with the grind and surviving the long and arduous crucible of learning how to win in markets. Infinite patience is a cornerstone of developing one’s self. To beat back our weak human desire…
-
Market SitRep – Blockchain
In this week’s Market SitRep – Blockchain we discuss Bitcoin and the revolutionary blockchain technology it utilizes. We then review recent central bank announcements and take a look at some monthly charts to get a big picture view of markets. A PDF of the presentation can be found here.
-
Triple Levered ETFs Will Make You Go Broke… Even If You’re Right!
Things get messy if you want to amplify returns using leveraged ETFs. Investors should completely avoid trading any type of ETF, levered or unlevered, unless they understand exactly what’s going on under the hood. And that means actually taking the time to read the mammoth prospectus of the product in question. We know most amatuer…
-
Market SitRep – Max Dissonance
This week’s Market SitRep – Max Dissonance begins with a discussion of the “risk on, risk off” phenomenon where both defensive and offensive assets are catching a bid. We then take a hard look at long term equity valuations and explain why holding dry powder is more important than ever before. A pdf of the presentation…
-
Could We Experience Another ’90s-Style Bull Run?
The recent bullish action in the markets makes it fitting that we play devil’s advocate – something we at Macro Ops refer to as “Red Teaming.” We’ve been bearish when it comes to the overall markets for about a year now. And we still believe the bearish hypothesis is the most probable outcome. But the…
-
What We Can Learn From The Masters
Everytime I watch golf I can’t help but think of how many similarities there are between successful investing and championship level performance on the golf course. Anyone who’s attempted a round of 18 holes knows how difficult golf can be. The game is a ruthless fight between you and the course. You’re constantly engaged in…
-
Market SitRep – Reflation Redux
This episode of the Market SitRep — Reflation Redux starts off with a discussion of China’s addiction to credit expansion and debt. We also touch on the crude oil market and explain why we think the “reflation” trade is nothing more than a short-term hope jag. Finally we cover quant/technical analysis of the S&P 500.A PDF of the slide show can be…
-
The 4 Horsemen Of The Global Deleveraging Apocalypse Part II: A Neutrino Debt Bomb
This is part 2 of our 4-part series on the global deleveraging which is now beginning and is expected to last over the next 2 to 4 years. We anticipate a lot of pain for the global economy in the form of crashing security markets and depression-like economic conditions. This series will cover how we…
-
Bill Ackman Could Learn A Thing Or Two From Technicians
Taking concentrated fundamental bets is no different than playing craps in Vegas. By now you’ve heard about Bill Ackman and his white whale — Valeant Pharmaceuticals (VRX). In 2015, Valeant plummeted and Ackman’s fund was down 20.5%. His misfortune continued into 2016, with his fund losing another 26% year-to-date after Valeant’s latest drop. Valeant’s share…