Consistency

A Habit That Works

Jerome Powell gave his “Christmas” gift to everyone on the 7th day of Hanukkah. The expected direction of the “movement” lasted for a couple days but most I follow think the markets are mired in what’s called “hurry up and wait”.

I’ve been preaching this message for quite some time and will continue to revert back to it over and over again, “it’s an election year”. Greenspan was undoubtedly political in nature. The best comment I read this week compared “Powell’s Last Stand” to what Greenspan called “irrational exuberance”. A brilliant comparison in my opinion, most accurate on the surface, it provides an alternative belief to most who believe the time to accumulate dividend paying stocks and turnaround candidates prevails.

I could not agree more which is why, what follows in the “paid” section addresses just that. It’s a combination of what I’m buying and what everyone should be looking at to fulfill their portfolio’s requirements.

It’s no guess that I’m still long both short and long bonds, gold bullion, thinking that the Yen is heading back to the 125 level and more. My “are you kidding me position” in July 2024 WTI 85 calls is established. When Powell spoke I also bought March 2024 VIX 17 calls as a shorter term hedge against my established positions. What’s next is more important so sign up for my “paid” Substack for a mere $99 annually. Not only do you get a signed, dust covered, hardback first edition of “The Ticker’s Bible”, you get unbridled direct contact with yours truly. Join the “crowd” that’s building “brick by brick” and get on board; it’s priceless.