Mid Week Market Update

So far this week things have been tame given the S&P500 and Nasdaq rally last week but oil has been pushed lower which brings fears of recession.

We keep having this debate/narrative pitched: recession or not?

From a trading/portfolio management perspective: who cares, it’s not an important input to focus on.

What is important to focus on is the data that is driving it.

Back in August, I posted this: Housing Affordability: 6 charts to consider.

• Household debt

• Credit card debt

• Savings/checking balances

Those are the data sets that matter.

Last night in week three of the Mastermind we go into thematic long idea generation.

I got into using Commodities as proxies for equity and ETF ideas, one of those was using FXY (Yen Futures ETF).

When you start to look at the world of investing & portfolio management through an Absolute Return lens the rest of the noise, like recession, what the SPX500 or Apple is going to do is HISTORY.

You job, my job, is to make the number on the screen go up - the rest is noise.

Below is the mid-week recap for subscribers.

You can get 50% off the first month to the membership here.