Sharp analysis on the liquidity tightening from the Japanese carry trade unwinding. The 1.25% spread increase when institutions are borrowing billions isn't just a rounding error, it's areal regime shift. I've been watching how my mid-cap tech holdings are diverging from their sector indices lately, and this selectivity framing makes way more sense than the "rotation" narrative most people are pushing. Defensives over speculation actuallyfeels rational for once.
Appreciate it! Not sure since when you are here but I’ve been talking about de-risking since November actually!
As for the defensive, not sure if you read my quaterly review but I ended up never starting a real position in Novo as my system was waiting for the pullback, and the pullback happened after terrible results. So yeah, I took a -10% on a ~7% position which is very reasonable! Hence the importance of following a defined investing system!
Great read. I think I really need to take a look at my portfolio and let some of my risk assets go or end up losing big. Going to write down and set a few price targets. Been eyeing up UPS for a while and sold my NVO off after poor market response on the weight loss pill but happy to get back in to de-risk like yourself!
Sharp analysis on the liquidity tightening from the Japanese carry trade unwinding. The 1.25% spread increase when institutions are borrowing billions isn't just a rounding error, it's areal regime shift. I've been watching how my mid-cap tech holdings are diverging from their sector indices lately, and this selectivity framing makes way more sense than the "rotation" narrative most people are pushing. Defensives over speculation actuallyfeels rational for once.
Today I was reading your February plan — you’re really one of the few who started de-risking, and only time will tell whether you’re right or not.
But I just can’t deny myself a second of sarcasm and not ask you: 'So how’s your defensive $NVO doing?' :)
Appreciate it! Not sure since when you are here but I’ve been talking about de-risking since November actually!
As for the defensive, not sure if you read my quaterly review but I ended up never starting a real position in Novo as my system was waiting for the pullback, and the pullback happened after terrible results. So yeah, I took a -10% on a ~7% position which is very reasonable! Hence the importance of following a defined investing system!
Can’t win them all :)!
Great read. I think I really need to take a look at my portfolio and let some of my risk assets go or end up losing big. Going to write down and set a few price targets. Been eyeing up UPS for a while and sold my NVO off after poor market response on the weight loss pill but happy to get back in to de-risk like yourself!
Appreciate the feedback!
Let's see how things go, I'd love to be wrong and for risk to keep running! Can never be sure before things happen, so... Let's see in a few months!
great read. appreciate the content.
I’m glad, thanks for the feedback 🙏