With the Fed set to hike at least one more time, it is starting to feel now more than ever like we are at the apex of this massive bounce higher markets have taken, despite rates rising as quickly as they ever have and an inverted yield curve that is screaming “recession” at the top of its lungs.
Unlike many others with financial newsletters out there, I’ll be the first to admit that I have eaten large quantities of shit on some of the stocks I’ve been watching for 2023 - namely shorts in names that have gone “full meme” - but there’s also been some names that have outperformed the broader market. You can have a look into how I’m positioned heading into the second half of the year here.
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I’m also continuing to keep my eye on the BRICS nations, readying a new gold-backed global reserve currency. The official announcement of the new currency is expected in August during the BRICS summit in South Africa. This announcement from BRICS is a key waypoint in a larger map of dethroning the U.S. dollar as the world’s global reserve currency. Not only does it solidify what we already know — that gold is real money — but it is also the most pronounced public challenge to the U.S. dollar on the global stage in recent memory.
It’s also a serious waypoint in a much larger map of U.S. de-dollarization that I laid out in full just 2 months ago in a length, multiple hour longform interview.
For more on what I’m keeping an eye on, here are some of my most recent posts from the last several weeks (my favorites emphasized in bold):
The Gold Standard Is Back: BRICS To Intro Gold-Backed Reserve Currency
Don't Be The Investing Equivalent Of Dark Helmet From Spaceballs
Time Has Come To "Load Up" On This One Country: Harris Kupperman
"The Fun Part" Is About To Start For One Commodity: Harris Kupperman
There's No Way This Everything Bubble Can't Implode When Facing 5% Rates: Mark Spiegel
Congress Should Protect Americans by Ignoring the FDIC’s “Reform” Options
A Repeat of the Housing Crisis: The Biden Administration’s Loan Level Price Adjustment
And Fringe Finance archive access:
QTR’s Disclaimer: I am an idiot writing a blog and often get things wrong and lose money. I may own or transact in any names mentioned in this piece at any time without warning and generally trade like a degenerate psychopath. This is not a recommendation to buy or sell any stocks or securities or any asset class - just my opinions of me and my guests. I often lose money on positions I trade/invest in and I’m sure have lost more than I’ve made in my time in markets. I may add any name mentioned in this article and sell any name mentioned in this piece at any time, without further warning. Positions can change immediately as soon as I publish this, with or without notice. You are on your own. Do not make decisions based on my blog. I exist on the fringe. The publisher does not guarantee the accuracy or completeness of the information provided in this page. These are not the opinions of any of my employers, partners, or associates. I did my best to be honest about my disclosures but can’t guarantee I am right; I write these posts after a couple beers sometimes. Also, I just straight up get shit wrong a lot. I mention it three times because it’s that important.
