Cookin’ With Grease And Pushin’ On A String: Nomura’s McElligott On 2021 Outlook
On Monday, while documenting what I generically described as "a month to remember" (usually I try to be a little more creative than that if I'm going to resort to superlatives), I wrote that November 2020 may ultimately prove to be just another false start when it comes to outperformance from cyclical value.
If, in hindsight, November's rotation does appear as just the latest "head fake," it will nevertheless stand out for being dramatic.
One defining characteristic of equity markets over the
I’m in the still-deflation bias camp. That said, it’s an opportunity to add on some to the reflation position.
Let’s hope it doesn’t take an accident before Congress decides it’s time to put some baloney in that hot, grease-laden iron skillet. No piss-ass ant like myself wants to see their Fidelity account down 15% for no good reason. (Fear: maybe the next time is the time when it doesn’t pop back up.)
Re inequality and the few elites who have spoken out about it, doesn’t strike me that they are “virtue signaling,” Dalio could write a book about the ills our economy faces (maybe he has?). The second tier, those who are super wealthy (by my standards) but not considered “elites,” they talk about it as well. Maybe it’s just the bias of the interviews I watch. The bias being I’m only viewing those who are willing to sit for an interview (and not the CEOs of MMM, JNJ, etc.). Honestly, seems like everyone I watch, when asked about the ills of our economy and society, they know and acknowledge it.
They better. After all, there is not enough room for each of them to have a family bunker in NZ. Maybe if they were willing to do without the adjacent winery they’d all be able to fit in there.
There is no historical pre-determinism for the US. The US could go off the rails and not recover back to OECD status all the while still having the reserve currency. What a hoot! that would be.
Funny. The email about Dalio’s Chapter 8 being out was the first thing I saw immediately after leaving my comment and closing the tab on this article.
here is not enough room for each of them to have a family bunker in NZ
Another one of those annoying problems created by the overproduction of elites.
I always thought the expression was”cooking with gas”. Oh well, I guess people like their grease.
So when Biden- Yellen team buy 100 shares of SPY for the “Inequitabled” I’ll be bid that OK?