Macro Tourist

Macro Tourist: The World Is Not Ready For This Possibility

The efficient frontier seems to have shifted to the point where the only answer is to be "all in" when it comes to US equities.

The efficient frontier seems to have shifted to the point where the only answer is to be "all in" when it comes to US equities.
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3 comments on “Macro Tourist: The World Is Not Ready For This Possibility

  1. I read a piece recently that claimed that US and emerging market stocks with similar sector and quantitative profile’s perform similarly over the long term. It more about the stock than its geographic location.

  2. What would the Dow be worth if interest rates were at the 200 year average? 15K? 10K? Less?
    And if interest rates remain zero? 50K? 100K? In my mind, gravity always wins.
    I stumbled onto Jeff Gundlach’s interview at CNBC the other day. Interesting to hear a view that goes out years rather than days. https://www.cnbc.com/video/2019/12/11/watch-cnbcs-full-interview-with-jeffrey-gundlach.html

  3. Have worked your last paragraph independently (bigly wrong) for at least a couple of years…. The reason is as always the zigs and zags that tell me that the narrative is being manipulated out of desperation by forces that are inadvertently painted into a corner.. High debt levels ,low interest rates beget what we have gotten …. As you always say ,Kevin, “I am not here to tell you what should but rather what is gonna’ be” ….Trouble is the timing….as well as selection of hedges…..This is a good post you have written today …thanks…

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