The pain trade is higher. Watch the Chinese reopen.
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Commodities ($GSG) will be weak
China innovation ($KSTR) is still catching our eye. CPNG too.
QQQ (Mega-cap) and Quality Factor ($QUAL) will outperform equally weighted S&P 500 in the near term.
Remember, if the Fed pivots too early and into a high inflation scenario, it would be bearish for USD thus helping bid BTC & gold
Ray Dalio wrote a great piece recently on China. Link Here
Countries want the demise of the USD but its an overcrowded trade
Blackrock reconsiders 60/40 portfolio and is bullish CHINA. Link Here
Banks have immense amounts of “grade A” commercial loan loses on their books. Commercial real estate is the next domino to fall.
Trading one asset class is trading blind.
Don’t play unless the pitch is fat.
QQQ: The pain trade is higher from here. Don’t chase.
BlackRock’s latest tactical view changes.
More people need to be fired. Especially tech “work remoters”. Then the Fed’s job will be done.
Coupang to $18 easy.
Equal weight will continue to under-perform market cap weighted S&P
Asset pairs to monitor.
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