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Hope all goes well… “Monkey see, monkey do,” said the CIO to himself, picking something small from his buddy’s scalp. “I’ve never pretended to be anything other than what I am,” he mumbled. “That’s the only way to survive in this jungle,” he thought, grabbing a vine with his left foot. “What’s overbought today becomes more so tomorrow.” He paused, not sure what that even means, but enjoying the sound of it. “I don’t

Hope all goes well… “Want the good news or the bad news Daddy?” asked Teddy, eleven, sad. I braced myself, sizing up the situation. He’s too young to own bank stocks, and wouldn’t know how to short crude oil. “Gimme the good news first my little man,” I said. “The clouds parted and a ray of sunlight shone through when I buried Lundy – I think he went to heaven,” said Teddy, tears rolling. I bit my lip, suppressing a

Hope all goes well… And that you had a great Thanksgiving. Dusted off an anecdote from 2014 about confidence, trust (see below). Back next Sunday with full weekend notes. Week-in-Review (expressed in YoY terms): Mon: South Korea’s Park moves toward impeachment, EU inflation expectations 11mth high, May acknowledges “UK businesses need Brexit clarity,” France foils terror attack, Sarkozy knocked out of French primary

Hope all goes well… “This is the anaconda trade,” said Bulldog, panting, eyes bulging. The Trump trade caught most everyone off-sides. The only question is how to get back on track. Of course, you can go with these new trends, haunted by the risk of reversal. You can hold tight, praying that the world has not changed, despite all evidence to the contrary. Or you can try and trade your way out of it. “Every little mov

Hope all goes well… “It’s like Kuroda replacing Shirakawa at the Bank of Japan,” he said. “Or Draghi replacing Trichet at the European Central Bank,” he continued. “It’s that kind of philosophical shift, but on a far larger scale.” Kuroda stemmed Japan’s multi-decade deflation, and Draghi saved the EU from economic collapse. But America’s $18trln economy is growing near potential at 1.6%, just 4.9% of workers remain

Hope all goes well… “Markets are most dangerous when they’re extremely overbought and oversold,” said Yoda high in the Rockies, the jagged landscape freshly dusted. “The most probable risk is always a sharp reversal,” he said, looking far into the distance, back in time, so many patterns. “That’s why it’s this outcome that they experience most often – it’s this risk they most fear.” Yoda paused, the decades swi

Hope all goes well… “Absent Trump winning, nothing changes,” said the CIO. “But if he does, everything could.” Weinergate hit the tapes late Friday. Yet another Dickileaks scandal, and this one with just 11 days to go. “As an immigrant here in America, I don’t want to see the kind of change he represents, but as a guy running a macro fund, I kind of do,” he admitted, pounding the Mexican peso like a piñata. “I reckon

Hope all goes well… “You do know that in 2012, Obama won Florida by just 74k voters?” asked the political analyst. I didn’t. “There were still 725k eligible Latinos who didn’t vote,” he said. “And did you know that there were 2.5mm eligible white voters in Florida without a college education?” Didn’t know that either. That’s a lot of votes in a state where Obama received 4.237mm votes to Romney’s 4.163mm. It’s an awf

Hope all goes well… Bob Dylan, Nobel Prize winner, artist, mirror. Ballad of a Thin Man: You walk into the room, With your pencil in your hand. You see somebody naked, And you say, “Who is that man?” You try so hard, But you don’t understand. Just what you’ll say, When you get home. Because something is happening here, But you don’t know what it is. Do you, Mister Jones? You raise up your head, And you ask, “Is

Hope all goes well… “They can do anything these days,” said Charlie, seven. “Can they take your eyeballs out and replace them with robot eyes that see a million times better?” asked Teddy, eleven, hopeful. “They can turn a boy into a girl,” said Olivia, thirteen. “But they haven’t figured out how to turn a girl into a boy yet,” countered Teddy. “I have two transgender kids in my class, they’re brother and sister,” sa