Top-Down Trump & Pushbacks
Markets are adopting a one-sided thesis. But there are risks.
Top-Down Trump & Pushbacks
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I published “The Spell of Donald” on the market reaction to the Trump victory, yesterday.
I break down the moves from an economic/philosophical viewpoint and offer my rebuttal on the market’s narrative.
In this piece we look into Crypto (BTC and ETH), Gold, the USD, Treasury yields, the Small Cap rotation and more.
The Spell of Donald
“Countries are going to pay us back for all that we’ve done for the world.” —DJT
Philoinvestor
Remember that buying at very high (i.e. expensive) prices means you have no margin of safety. And when you buy something very speculative at very high prices — the range of outcomes widen exponentially.
More about margin of safety, valuation and range of outcomes in the Zero to Hero investing course at philomastery.com
