The past month was a curious one indeed, with little in the way of notable news or events to speak of. However, this did not stop the financial markets from experiencing a flurry of activity, particularly in the world of stocks. Investors were quick to jump on any fluctuations in sentiment, causing the bulls and […]
In 2022, the closest thing we had to a systematic risk was the pension crisis in the UK: it caused a lot of heartburn to investors, but it was rapidly solved. However, that was nothing compared to the “March Madness” we got this year. Let’s start with what contributed the most to general chaos: bank […]
February started off with the FOMC, which I expected it would have delivered 50bps and hawkish remarks: I couldn’t be more wrong. In a very disappointing turn of events, not only the hike was a mere 25bps, but the presser showed us the softest version of Powell we’ve seen in a long time. Indeed, during […]
The year started in the most boring way possible, keeping us all in a tight range in what seemed the unbreakable wall at 3850 until it violently broke to the upside. As of January 27th, the S&P 500 was at the same level it was back in August when the famous Jackson Hole speech was […]
Open positions: Tortilla (7.68%), Mosaic (0.80%), options (61.24%), cash (30.28%).
Wage-price spirals contribute to inflation, and occur when wage increases lead to price increases, which then lead to further wage increases.
Open positions: Tortilla (8.11%), options (22.78%), cash (69.11%).
Bear markets are characterized by worse economic conditions, pessimistic sentiment, and violent bear market rallies: here’s how to survive.
Open positions: Tortilla (5.50%), options (2.90%), cash (91.60%).
Monthly performance: +26.84%. Open positions: Blackstone (17.70%), options (25.95%%), cash (56.35%).
