Monday, November 21, 2016

Monkey Hammered By Globalization

Active management is getting buried in 2016 by their consistently wrong bets on Globalization...

We live in a society of corrupt geriatrics aging at the rate of Krispy Kreme donuts, who will accept any lie no matter how asinine, fed to them by any circus clown, no matter how buffoonish. Just as long as NOTHING changes.

In other words, the people who believe in all of this corruption are the real problem that needs to get "fixed"...

Two adjacent headlines, via CNBS:
"You show those elites, Camacho"

Despite recent grovelling at the feet of Trump, Wall Street has been systematically monkey hammered by their consistently wrong bets on Globalization.

This shows the hedge fund composite ETF as a ratio of the S&P 500 benchmark - now featuring a -8% performance gap that needs to be made up in 6 weeks. A "good year" of relative gains, assuming the S&P goes nowhere. We see that the Brexit rally had no effect on relative performance:

Which explains the extreme complacency while the rest of the world falls apart at the hands of Forrest-Trump-O-Nomics: