The global soft landing + China reopening + short squeeze in all things hated has stalled. BTC and Hang Seng Index charts are good examples.
Ideal currencies for short-term trading are volatile but also very liquid and cheap to transact. In today’s note, I examine which currencies look best when we compare their volatility to transaction cost ratio.
I have been sitting waiting for the right time to sell NZD. I think the time is now.
Plus a look at corporate month end (which is this Friday).
A little bit of everything today. Microstructure, macro, and deep thoughts.
Talking about trades that work in each of the Five Main Outcomes plus how eventually you have to pick the one you like best and take action.
The market is in constant reassessment mode here as there are five possible outcomes for the US economy in 2023 and the odds of each keep changing.
Economic data doesn’t matter because all that matters is China reopening. I am starting to wonder if this regime is sustainable.
Talking about BOJ, the USD, and the “anything but USA” trade.
A bit of numerology and entertainment in today’s piece, but also some useful takeaways for trading.
Catch up with Brent Donnelly and Macro Alf every week on The Macro Trading Floor. Listen as they discuss themes that are moving markets, highlight important trade ideas, and get to the bottom of what’s going on in macro.
John Mauldin, Chairman
Mauldin Economics
One year of good ideas, dumb mistakes, and timeless trading lessons over a wide range of topics like tactics, strategy, mindset, risk management, and of course the psychology of successful trading. Watch real trade ideas come to life in real time.
We teach you how to think, reason, and behave like someone who makes money.
