The Market is Forward Hoping
Being a bear in a bar full of bulls is a lonely place to be. When that happens, it's important to take a step back, reassess, and either change your mind or simply wait.
I’ve been thinking a lot about The Big Short lately. Perhaps it’s because I have a bearish macro bias thesis. Or perhaps it’s because I have a bearish macro bias thesis that didn’t work all that well when I was hedged earlier this month and now I want to escape to the home theater…
There is a reason why I closed my market short proxy last week. And that’…
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