8 Comments

Happy Holidays, Merry Christmas. Regardless how the 2023 markets will be , I wish and your family great health and happiness! Thank you for sharing with us.

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i like it - you are sharp and well researched.

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Just Thank You ! Best Research out there, well versed and understandable and nearly unbelievable: It’s Free. Thanks again for helping normal people to understand investing and finance !

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great post...always enjoy your commentary and outlook. I appreciate that you take positions and comment on how they went (good/bad). Skin in the game is everything for me...

I strongly agree on bonds for 2023 - TLT, IEF and lower duration bond ETF's...however, the TIPs position threw me. I re-read your opinion on TIPs and still a little hazy...however, it is definitely on my watchlist now.

Thank you again for your posts...they are excellent and a must read...

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Happy Holidays and thanks for sharing your views with us.

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Thank you so much for your great insight into the financial world. Your knowledge and wisdom has been very welcomed. Merry Christmas to you and your family. Thanks again.

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Happy Holidays Florian!

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"Central Banks likely have to return to the printing press once again given the global debt load. The winners of the next decade are likely the losers of the last decade (commodities, industrials, value, distressed debt etc),"

Tech might not do so well due to higher rates for longer, however if they print two things will happen: 1. liquidity will increase significantly, and with it the search for yield and risk taking. 2. the understanding that CBs have to capitulate, which means risk on, at least with fiat currencies values.

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