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
Debt bubbles are deflationary – as presented in this recent client post: Guest Captain Commentary – Lacy Hunt. Policy response to try and mitigate a rising debt bubble is inflationary. The point of me framing this up front is to set up the applicable time-frame for trading and investment decisions: now versus sometime in the […]