Category: Research – Alex
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A Dragon and a Hawk Walk Into A Bar
A few things.Asia Markets reported today that the CCP is cooking up a plan to restructure Evergrande into three separate entities, effectively ingurgitating them into the state, SEO style. As of now, this is only rumor, though a likely one. China is a special case. Yes, they’re a mess. Its GDP has been artificially inflated with unproductive…
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Mashup and New Math
I recently finished reading Joshua Ramo’s book The Age of the Unthinkable. Imagine if Per Bak’s Complexity, Martin Gurri’s The Revolt of the Public, and David Epstein’s Range got together and produced a love child. The Age of the Unthinkable would be its weird spawn. Ramos dives into the tech-enabled asymmetric power wielded by small terror…
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Record US Fund Flows
“The mind can be a wonderful tool for self-delusion – it was not designed to deal with complexity and nonlinear uncertainties. Counter to the common discourse, more information means more delusions: our detection of false patterns is growing faster and faster as a side effect of modernity and the information age: there is this mismatch…
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The Yen is Done Yawning…
“It might seem that if you have an edge, the way to maximize the edge is to trade as big as you can. But that’s not the case, because of risk. As a professional gambler or as a trader, you are constantly walking the line between maximizing edge and minimizing your risk of tapping out.”…
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Musings: Soros on Anticipating Prevailing Expectations
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I look at the latest prints of some leading US economic indicators, then talk SPX technicals,…
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Musings: Massive Supply Chain Disruptions and Tipping Points
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — l look at positioning in the options market versus direct, then we explore the possibility of…
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Musings: Pareto’s Law, Fed Independence, and Retail Traders Gone Wild
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I look at buy climaxes, wild speculation, some strangely muted sentiment, and positioning data, then get…
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Musings: A Dangerous Idea and an Italian Defense Stock Ready To Launch
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I look at Democratic Primary probabilities, then give a coronavirus update along with potential regional economic…
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Musings: Viruses, Chronic Disease, and a Medical Tech Stock
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I review our confirmed sell signals in equities, revisit the indications of overbought and overloved stocks,…
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Musings: We Think About Thinking, A 120% Year, and Gut Feeling
Alex here with your latest Friday Macro Musings…As always, if you come across something cool during the week, shoot an email to alex@macro-ops.com and we’ll share it with the group.Latest Articles/Podcasts/Videos — Your Monday Dirty Dozen [CHART PACK] — I look at some underlying technicals, discuss the equity/yield relationship, look at private investor flows, review…