Category: Research
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How To Profit From The Asian Middle Class Explosion
Today I want to talk about one of the most important macro themes we’re currently tracking. And then discuss some of the amazing asymmetric trade opportunities which dovetail off this secular story. But, first, this. Mauboussin wrote the following about S-curves in his book More Than You Know (emphasis mine). There is substantial evidence that…
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The Confounding US Dollar
Markets work to surprise the majority of people, the majority of the time. This is because the average of everybody’s expectations is already embedded in price.Nowhere is this more true, than in the currency markets. Consensus is the ultimate killer of currency trends. The chart above is a perfect example of this, where The Economist…
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Quant Tactics & Fat Right Tails
Tyler here with this week’s Macro Musings.As always, if you come across something cool during the week, shoot us an email at alex@macro-ops.com and I’ll share it with the group.Article I’m reading —One of my favorite traders of all time, Ed Thorp, sat down for an interview with the guys over at AQR. There’s some…
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Hated Euro Banks Are The New Turnaround Story
European financials have been one of the most hated areas of the market for years. Investors have been jumping ship and moving capital to a more productive place. It’s just too hard for these banks to make money with interest rates so low. But the bear thesis dies once interest rates reverse trend. With higher…
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Gold, Bill Miller, and Buffett’s Thoughts On Inflation
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 Oil Bull Market — AK provides some color on the oil rebound we’ve been tracking.Hedge Fund Letters — Our 10 favorite hedge…
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Japanese Equities Awaken
At Macro Ops we like trades where a confluence of positive tailwinds intersect with a thematic that has a long runway. Opportunities where attractive valuations spawned by negative to neutral sentiment combined with improving fundamentals and accelerating momentum are what we look for. One of our current holdings checks all these boxes. I’m talking about…
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The Oracle Speaks
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 — Lessons From Stanley Druckenmiller — AK discusses Druck’s advice on betting big, going anywhere, and gaming market scenarios.The Commodity Boom of 2018 —…
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The Commodity Boom of 2018
The following is an excerpt from our Macro Intelligence Report (MIR). If you’d like to learn more about the MIR, click here. 2018 will be the year the commodity bull gets running… When a man makes his play in a commodity market he must not permit himself set opinions. He must have an open mind…
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Bitcoin Comedy & Stock Market Melt-Ups
Tyler here with this week’s Macro Musings.Recent Articles/Videos — Blockchain — We discuss the real value of cryptocurrencies like Bitcoin — blockchain. We explain how blockchain works and its potential transformative uses. Articles I’m reading —A Hedge-Fund Titan Puts Away the Punch BowlOur favorite macro investor, Ray Dalio, has some sobering thoughts on how financial…
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Mauboussin’s Comparisons, Charlie Munger’s Wisdom, & Debunking Economics
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.Articles I’m reading —Take 20 minutes and read Michael Mauboussin’s latest paper on how to better compare things — in this case, stocks — in order…