This is a macro market update (I post daily to TikTok). I publish these once a week (beta phase), as well as single stock pieces (1-3x a month) and macro deep-dives. I also publish on TikTok, Youtube, and Twitter!
Check out the YouTube for this piece here!
Also, this is a longer piece, so it might be cut off if you’re reading from your inbox!
Long Ago in a Far-away Monetary Land
“Money has always been a meme from Day 1. What seems whacky and modern is a return to the traditions of the ancients" - Sid Verma (I think)
The market is a narrative. There are earnings, cash flows, term structures, valuation models, etc - but a lot of short-term movement is driven by what people are saying. Reflexivity - perceptions impact fundamentals.
