“We have met the enemy and he is us.”
60% of the Perry Capital portfolio yields 5.09% with principal guaranteed. I sold my short 25% Treasury
positions
lower.
“We have met the enemy and he is us.” Read More »
Financial markets
“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 »