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Plane English
The plane metaphors are as tired as they are ubiquitous.
When it comes to analogies, ubiquity is co
Sahm and Mcelligot are the ones i most want to listen to, and i think they’re right in the short term… but seems kinda hard to avoid Hartnett and Kolanovic if rates don’t head south again soon. I mean, commercial real estate seems ready to enter a black hole… demand is cratering and they’re all gonna have to refinance those bags at much higher rates. Yikes.
these individual commentaries create an impressive gestalt…thanks, H.
H for prez
I hope Every has as much of a following as McElligott and Kolanovic. The sampling of his writings posted here never disappoint.
“A range-bound index, however, can still be fertile ground for alpha; but it’s one where traders make money and investors get bored.”
This resonates with me.
Even for one like me who thinks the S&P500 has yet to see its lows, there are names to buy. However, they tend to not be the large, familiar, comfortable names; they tend to require substantial work and/or a distinct view; they tend to be smaller and/or less liquid; and they tend to be more volatile and/or have shorter holding periods.
Basically, it feels like 2023 is going to be harder work than 2022, and 2022 was not exactly a breeze.