Author: evencio.alvarez14@gmail.com
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The Fed, PTJ, And 12 Rules For Life
Tyler here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at tyler@macro-ops.com and I’ll share it with the group.Our August Macro Intelligence Report (MIR) is coming out next week! Find out what value stocks Alex thinks will skyrocket in the final bull move of…
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Value Investing Is Dead, Long Live Value Investing
Value investing hasn’t performed so well this cycle. Here’s a chart showing value’s relative performance versus that of growth.The value-factor strategy pioneered by Fama and French, which consists of buying stocks with the lowest valuations and selling those with the highest has produced a cumulative loss of 15% over the past decade, according to Goldman…
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Esports, Essentialism And A Facebook Trade
Tyler here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at tyler@macro-ops.com and I’ll share it with the group.Recent Articles/Videos — Has The CCP Turned Off The Tightening? – Alex explains how the trade war has forced China to rethink its deleveraging plans.GAIA Case…
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Has The CCP Turned Off The Tightening?
It looks like China may be folding… We’ve talked all year about how China is THE largest driver of markets this cycle and their deleveraging was the force behind the widening performance gap between the US and the rest of the world. The continuation of this trend has been dependent on China’s willingness to stay…
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Chinese Bombshell, Aikido, and a Long Natural Gas Trade
Alex here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at alex@macro-ops.com and I’ll share it with the group.Recent Articles/Videos — The Principle of Bubble Rotation — Alex comments on The Principle of Bubble Rotation which states that whatever outperformed last cycle will not…
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The Principle of Bubble Rotation
In the book Business cycles: history, theory and investment reality, the author Lars Tvede talks briefly about a cycle phenomenon he calls The Principle of Bubble Rotation. He writes: There is one further common aspect of all these asset classes. We have seen that business cycles from time to time create monetary environments that are…
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Cash Flows Over Earnings, A Changing Asia, And Wisdom From Mr. Coolidge
Alex here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at alex@macro-ops.com and I’ll share it with the group.Recent Articles/Videos — Probabilities Not Predictions – Alex writes about how our job as traders is to size up the asymmetry of outcomes rather than make…
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Probabilities Not Predictions
Markets are context dependent, their behavior is a function of the particular circumstances that exist and how those circumstances are expected to or do change. The trick is not to predict an unknowable future, but to try to understand the present and the probabilities of the various paths that may evolve from it. ~ Bill…
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Lessons Learned From Our Trading In 2018
To others, being wrong is a source of shame; to me, recognizing my mistakes is a source of pride. Once we realize that imperfect understanding is the human condition, there is no shame in being wrong, only in failing to correct our mistakes. ~ George Soros I learned that everyone makes mistakes and has weaknesses…
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Dollar Strength, Trade Wars and The Macro Ops Collective
Tyler here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot me an email at tyler@macro-ops.com and I’ll share it with the group.Macro Ops Collective Now Open For A Limited Time!Thanks to everyone who came out to the special event last night. I’m glad these post-mortem trade reviews…