" By heeding the lessons of the past we continue to position defensively so that we can preserve capital and be prepared to take advantage of opportunities when asset prices inevitably reset."
December is the month to objectively review your financial history – expose the good and bad – then, outline tactics to sever ominous chains and sprout wings to the beneficial for 2020...
...shipping rates prematurely jumped earlier in the year on artificial demand via front-loading but it seems that the shipping industry is catching down to the reality...
"If the market never reacted negatively to all the bad news that it had to digest throughout 2019, aren’t they already pricing in all the good things that may or may not come?"
"...we believe Tesla could be perceived by the market more and more like a traditional auto OEM; we are prepared for a potential surge in sentiment through 1H20 but question the sustainability."
...home prices are above their 2007 bubble peaks in many places while the wages of potential homebuyers have barely risen, which is squeezing ever-larger numbers of people out of the market...
“There is now only a limited amount of stimulant left in the bottle, and the sooner we use it, the sooner it will run out...There is no shortage of things to worry about.”
The sale of $41 billion in 5Y notes was nothing short of stellar, with the high yield stopping through the When Issued by a whopping 1.6bps, the biggest stop through since February 2016.
"...we believe Tesla could be perceived by the market more and more like a traditional auto OEM; we are prepared for a potential surge in sentiment through 1H20 but question the sustainability."
