12 Comments
May 18Liked by Callum Thomas

I sold out JD yesterday. Admission 22$. The market is very risky, given what idiots run American politics. Overnight, any stupid government order can destroy your portfolio. And that this will happen when investors finally realize that the US economic rise is a numbers game is almost a certainty.

Expand full comment
author

Yeah, I tried to indirectly reference the (geo)political risk on this one with the equity risk premium chart... there are very real tail risks and even not-so-tail risks given the way US politics are going (tough on China is bipartisan, maybe even becomes competitive as the election nears), so it is something to be alert to

Expand full comment

Generally strange time, right?

Expand full comment
author

maybe what was really strange was the period of calm and accord, and maybe these times are more normal on the geopolitical front...

Expand full comment

The struggle of enemies is always reconciled bankers.

Then they steal everything inside the reconciliation. Then when there's nothing to steal, the government that helped them starts screaming We're going to raise taxes.

So the bankers will once again arrange a state of war.

This is history and invisible reality. It's called the truth of money.

Expand full comment
May 24Liked by Callum Thomas

Appreciate the article. Good stuff. But you did seem to nail to the day the short term top at least in China as it’s been straight down since this came out

Expand full comment
author
May 24·edited May 24Author

lol, urgh, yes I noticed that. Personally though I am more concerned with trying to pick the tides vs the waves, and I still think the tide is rising for Chinese stocks... (will update if the facts change enough to change that view though)

Expand full comment
May 18Liked by Callum Thomas

Very good, thanks

Expand full comment
author

Thanks Walter

Expand full comment
May 18Liked by Callum Thomas

Great article thanks

Expand full comment
author

cheers!

Expand full comment
deletedMay 19Liked by Callum Thomas
Comment deleted
Expand full comment
author

Cheers, indeed the trend-followers and technical traders will be in on this just for the price action alone...

Expand full comment