My mantra is simple and what drives my Macro-To-Micro trading style: Policies lead economy. Credit leads equities. And Volatility reprices everything.
My Gone Fishing Newsletter is divided into basically three parts:
- Reflections and Inflections
- Sector Watch
- Macro Considerations
Bonds Vs Equities There was a view forming before Friday that equities were/maybe still are more attractive and bonds less so as Fed signaled more accommodation. My response August 17th to that was that Equities were not safe for two reasons: What if low bond yields imply economic weakness & earnings declines PLUS Expected Volatility […]