A camel’s back waiting for a straw
This update is brought to you by Occam’s razor. * A myriad of market valuation metrics all point to a
15 min read
Many aspects of markets and the economy have, in my view, all the characteristics of a slow moving train... wreck. Market prices, as well as the crowds' behaviour, provide strong signals to us as investors. We continue to Stop, Look, and Listen for news within the noise. Always aware that prior trains have run this track througout history.
Read next
Macro
Hold the line… weigh the arguments.
Hold the line is a military idiomatic expression meaning to stand firm in your position despite pressure or challenges. One
Macro
Inching towards a new (world?) order
Like many based in the Southern Hemisphere, I have spent too many hours since January 21 not sleeping and keeping
!["Reading [data releases] without reflecting is like eating without digesting"](https://images.unsplash.com/photo-1535401325524-b2a6728f0573?crop=entropy&cs=tinysrgb&fit=max&fm=jpg&ixid=M3wxMTc3M3wwfDF8c2VhcmNofDQzfHxjb250ZW1wbGF0ZXxlbnwwfHx8fDE3MjgyNzI0MDN8MA&ixlib=rb-4.0.3&q=80&w=30)
Macro
"Reading [data releases] without reflecting is like eating without digesting"
The market rallied on the latest monthly US job data released on Friday. This note aims to put into context