Thanks for the analysis on a new sector (to me). Very insightful.
Given that you give runaway inflation a slim chance, it feels a bit irresponsible that you don’t hold a minor (few %) Bitcoin allocation in your portfolio. The risk is very asymmetric, and with a small allocation the volatility is muted.
Thing is with CHF, the SNB are the only major central bank that’s cutting rates. It’s a currency that trends strongly, it trended up for a long time prior to this year. It may be a good call with a longer time horizon though.
CLOs have an incredible allure on paper. As long as managers can get the A&Es through so very little ever has to be repaid they are fine. The impact if this core idea broke to this sector and the broader economy would be wild. There are trades to do, as in any arbitrage product but do ensure you (and others alongside you) have the matched capital for the instrument maturity otherwise it is a crap shoot.
Great insights as always, but you know what I like the most? Your honesty of admitting capitulation and debating against yourself. Be true and honest is a rare thing nowadays. Keep it up ❤️
Thanks for the analysis on a new sector (to me). Very insightful.
Given that you give runaway inflation a slim chance, it feels a bit irresponsible that you don’t hold a minor (few %) Bitcoin allocation in your portfolio. The risk is very asymmetric, and with a small allocation the volatility is muted.
Thing is with CHF, the SNB are the only major central bank that’s cutting rates. It’s a currency that trends strongly, it trended up for a long time prior to this year. It may be a good call with a longer time horizon though.
CLOs have an incredible allure on paper. As long as managers can get the A&Es through so very little ever has to be repaid they are fine. The impact if this core idea broke to this sector and the broader economy would be wild. There are trades to do, as in any arbitrage product but do ensure you (and others alongside you) have the matched capital for the instrument maturity otherwise it is a crap shoot.
Thanks so much for this free, high quality analysis. I'm in TSLA too. Risk reward is worth it. A few good headlines and its well into the 200s
thank you Florian, cheers!
Great insights as always, but you know what I like the most? Your honesty of admitting capitulation and debating against yourself. Be true and honest is a rare thing nowadays. Keep it up ❤️