Like the others, I am very grateful that you're sharing your experience and current thinking about the markets.
Regarding the USD, how do you determine that it was "overbought"? Indeed looking at the chart it has a meteoric rise, is it by itself sufficient to determine if it's overbought?
Thanks Florian - enjoyed your piece as always. Regarding China reopening Jim Bianco put out a short thread recently that makes sense to me to not re-open.
Thanks John! Yes agree. My sense is bar big national lockdown market would see through this (for now). But all we know re Covid-19, that curve is gonna go higher
Florian - Very much appreciate your posts -- thoughtful and comprehensive. With regard to this crypto/FTX post in particular, you articulated many of the apprehensions I was having, and I exited my crypto positions. Difficult to see mainstream adoption of crypto when it is so difficult to secure and transact -- moving from hard wallet, to exchanges, to paying fees for transferring cash to bank accounts. Geez.
Thanks also for your routine sharing of your portfolio positioning. Would you mind my asking what % cash you hold?
Your work is just amazing. Thank you so much. It helps me a lot for my investing process.
What do you think of the current dollar weakness? Is it just temporary? For me it does not make sense.
Thanks, very kind of you to say. Think dollar weakness mainly a function of previously overbought conditions (look at YTD chart)
Like the others, I am very grateful that you're sharing your experience and current thinking about the markets.
Regarding the USD, how do you determine that it was "overbought"? Indeed looking at the chart it has a meteoric rise, is it by itself sufficient to determine if it's overbought?
Thanks Florian - enjoyed your piece as always. Regarding China reopening Jim Bianco put out a short thread recently that makes sense to me to not re-open.
https://twitter.com/biancoresearch/status/1591934976274173952?t=QCFWAAz16W5iOq-ER-EuTA&s=19
Thanks John! Yes agree. My sense is bar big national lockdown market would see through this (for now). But all we know re Covid-19, that curve is gonna go higher
Very grateful for your work and thoughts !
Thank you, far too kind!
Excellent as always. Thank you!
My pleasure!
Florian - Very much appreciate your posts -- thoughtful and comprehensive. With regard to this crypto/FTX post in particular, you articulated many of the apprehensions I was having, and I exited my crypto positions. Difficult to see mainstream adoption of crypto when it is so difficult to secure and transact -- moving from hard wallet, to exchanges, to paying fees for transferring cash to bank accounts. Geez.
Thanks also for your routine sharing of your portfolio positioning. Would you mind my asking what % cash you hold?
Thanks so much for this. No cash currently but this may change at any time!