The Heretic Speculator September Month-End Newsletter
This year has sucked big time from an investment perspective. Surely this can't continue, right? RIGHT?!
We’ll get to all of the finance stuff in a moment. But I have to get this monthly newsletter out to you guys a wee bit early this month because I have too much going on post-market close today and into tomorrow. Small life update; in my spare time from analyzing STONKS and sh!tcoins, I’ve taken on the wonderful role of youth soccer coach for my daughter’s 3-5 YMCA team. We’re three weeks in and it’s been a wonderful experience. At times, I feel like Christopher Walken in Wedding Crashers, but it’s been fun.
One thing that I’ve learned had reiterated through this experience is the massive difference between the physical competency of a three-year-old and that of a five-year-old. I don’t really know how it happened, but it seems like 75% of my daughter’s teammates are five and 75% of all of the teams we’ve played are three. Point is, I don’t have to do much to win the Coach of the Year award.
I’ll let you know how the ceremony goes. Mercifully, we only have two weeks left. The drop in temperature last weekend really exposed the children’s intolerance for discomfort. Regardless, it would be nice if I had the edge in financial markets that it I seem to have with an absolutely stacked roster of 5-year-olds. Finance-wise, something very interesting did happen this month. Bitcoin, Gold and Silver seem to have “decoupled” from the broader market:
The question I have is this; can you find on the chart where the spread appears to have changed directionally? Meaning, if everything has been going down roughly together, but now we have declines in one asset class with increases in the other assets, where on the chart does it seem stand out?
It’s been within the last 48 hours. Anybody care to guess what happened that might give insight into why? We’ve had a major central bank pivot during this global tightening cycle courtesy of Great Britain. Is it because they beat inflation? Nope…
UK inflation is even higher than it is in the US. And yet Bank of England Governor Andrew Bailey (the Credit Master Jerome for the Brits) is buying government bonds again. So just what the heck is going on?
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