Inflation Expectations Are Moving HIGHER
Inflation Expectations Are Moving HIGHER Read More »
Financial conditions
“History repeats itself, but in such cunning disguise that we never detect the resemblance…”
77.25% of the Perry Capital portfolio yields 5.09% with principal guaranteed. I sold my short 25% Treasury
positions
exposure.
“That men do not learn very much from the lessons of history is the most important…”
I still have small positions in Silver and Bitcoin.
Play defense. Be patient.
“That men do not learn very much from the lessons of history is the most important…” Read More »
“The whole art of war consists of guessing at what is on the other side…”
I am not fighting the Fed and expect funding rates to rise higher than the markets expect and for them to stay
higher for a longer period than the market expects. I also recognize that liquidity and momentum models may still
encourage large and sophisticated derivative trading which can propel risk assets higher.
“The whole art of war consists of guessing at what is on the other side…” Read More »
“Everything we hear is an opinion, not a fact. Everything we see is a perspective…”
50% of the Perry Capital portfolio is in the money market. The T-Bill position remains at 25% of portfolio assets.
Long Treasuries
and Bitcoin. Everything seems expensive.
“Everything we hear is an opinion, not a fact. Everything we see is a perspective…” Read More »