Thursday, February 23, 2017

Grand Champion Con Artist

Beijing has spent a trillion dollars supporting the Yuan since the Fed started withdrawing liquidity. Trump wants them to stop...

S&P opening downside gaps with Chinese Yuan:

Any questions?

Speaking of ignored risks, here is the current positioning across various asset classes:

Bond short exposure

Junk stock exposure

Bank exposure

Oil exposure

Mutual fund cash balances

Bearish assets

Option hedging. Or not...

Active Manager risk exposure

"Don't worry, we're smarter than the rest of the world combined"

U.S. versus world: