Investing on the “Road to Nowhere”

“At the margin”

How to Invest on the “Road to Nowhere”

For those with a very short attention span, we will not keep you in suspense.  The answer is to learn how to “invest at the margin”.  We will discuss below in some detail.

But first lest we forget,

QT will kill the market they said.

Inverted Yield Curve will kill the market they said.

Buy a FOMO rally off the June lows on a Fed pivot they said.

We are already in a recession they said.

The Housing market is crashing they said.

No one is long they said.

AAII bulls are the lowest in ages they said.

Positioning is at pandemic lows they said.

CTA’s are now max short after the decline they said.

The Fed is hawkish and higher for longer they said.

The strong dollar is crushing global economies they said.

The oil market is very tight and won’t break $100 they said.

The stock market is too rich at 18x earnings they said.

All are true or have some basis to believe at different moments in time.  But the reality is the narratives keep changing with the action.  But rest assured, there is a way to navigate this road to nowhere!  It requires thinking, flexibility, patience and timing!  We had the re-opening trade, the reflation trade, the inflation trade, the semi shortage trade, the semi correction trade, the reverse WFH trade, you name it, we have seen major themes come and go.  Right now, we are in a massive tug of war.  Let me try and frame it before we draw conclusions. Let’s begin with a smug pundit alert!

For Pete’s sake, if you haven’t signed up yet for our service and WhatsApp daily texts, you are missing a ton! The proceeds go to charity unlike Minerd who is paid to always be wrong at your expense creating fear and FOMO! Below we discuss investing “at the margin” and what we think of Mr. Minerd’s latest proclamation!