Why I am bullish Brazil, and don’t’ want to wait for the second round of the election to engage. Plus much more
GBP has made a tradable top at 1.1235 and the news flow has not improved. Time to go short.
Tomorrow is month end. GBP is trying to figure out where it belongs. The authorities are getting more serious about CNH weakness.
Matt Gittins hosted a Spectra FX dinner last night and it was excellent. Here are my notes.
There are a few things coming together that are making me tactically bullish equities.
The BoE and UK government should probably keep quiet, wait a bit, and hope this too shall pass.
Seasonals remain bearish. Be careful with false precision. In praise of Ben Hunt.
FX intervention doesn’t just instantly flip the trend, usually.
I think we are close to the place to buy a dip in USDJPY but I acknowledge that it’s scary.
Path of least resistance for USD is still up.
Can a bear market end without anyone ever experiencing any visceral fear? I doubt it.
Next week is the worst week of the year for stocks in terms of both average return and win%. And tons of crazy things have happened in markets right around the fall equinox.
You have been warned.
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