77.25% of the Perry Capital portfolio yields 5.11% with principal guaranteed. I sold my short 25% Treasury
positions
“Honesty is a very expensive gift. Don’t expect it from cheap people.” Read More »
Markets are closed for the next couple of days, and I depart for Europe on the 5th. My presentation package for
European investors will be done before I leave. This is a quick 14-Point message and the charts package, which
will be part of the Weekly in 2 days. to enjoy through the long weekend.
Happy Canada Day to the Canadians… and happy July 4th to the Americans! Read More »
77.25% of the Perry Capital portfolio yields 5.09% with principal guaranteed. I sold my short 25% Treasury
positions
exposure.
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 »
Everything I own is up in 2023. But I’m not that good. Most asset classes are up. This tells me there is too much
money around. The Fed should know this and hike.
“The space between the tears we cry is the laughter – keeps us coming back for more.” Read More »
75% of the Perry Capital Portfolio remains AAA-rated, very short maturity, and very liquid securities.
I remain underweight in the equity market because the valuation metrics of risk assets are not discounting for
persistent inflation and a slowing economy to the degree necessary to be attractive. I would rather watch from
the sidelines at 5% until the strategic risk/reward is in my favor.
“We tend to overestimate the effect of a technology in the short run and underestimate…” Read More »
75% of the Perry Capital Portfolio remains in AAA-rated, very short maturity, and very liquid securities.
I remain underweight the equity market because the valuation metrics of risk assets are not discounting for
persistent inflation and a slowing economy to the degree necessary to be attractive. I would rather watch from
the sidelines at 5% until the strategic risk/reward is in my favor. I must say, though, that the Nasdaq 100 (QQQ)
performance y-t-d is impressive. Perhaps A.I. is a paradigm shift as impactful as the internet.
“The problem with leverage is that you have to pay it back.” Read More »
75% of the Perry Capital Portfolio remains in AAA-rated, very short maturity, and very liquid securities.
I remain underweight the equity market because the valuation metrics of risk assets are not discounting for
persistent inflation and a slowing economy to the degree necessary to be attractive. I would rather watch from the sidelines at 5% until the strategic risk/reward is in my favor.
“Politicians are like bad horsemen who are so preoccupied with staying in the saddle…” Read More »