Who's Coming For The Market In Q3?
Episode publishedPodcast: 1000X1000X
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What's freaking me out about the broader indices is the dollar is getting stronger. Like, this is the trade that absolutely mulched my P and L again and again as an oil trader. I'd have some bull trade, some idiosyncratic thesis. Then the dollar would strengthen a bunch, and it wouldn't matter. I would just get I I would get dildoed. Never underestimate just how terrifying a rallying DXY can be for your assets. Because let's face it, at the end of the day, we're we're all patting ourselves on the back here, but we're really just short dollars. Cash is trash. You you get long freaking DRAM modu
Jonah, what's going on? Just yelled into the microphone for all those listeners that just hopped on. Hopefully, eardrums burst.
Nice to see you, Avi. At some point, I wanna get an explanation of what that artwork is in the background behind you.
I you know what? I I think I talked about it. I think I talked about it on on the Friday livestream that I did, like, the thirty minutes where I just talked straight at the camera and somehow had to keep coming up with more topics to talk about. That was actually they gave me so much respect for streamers. I'm like, it's kinda hard to just talk out of camera with no feedback from other people. It's kinda crazy. But Yeah. I mean I it gave me a lot of respect for the people that managed to just gab and yap. And it also made me realize that sometimes you just need to say words, and the words don'
Yeah. Anyway I feel the same way. I could never just I could never stream solo. It feels impossible. I mean, I the guys that do it from Ben Shapiro and Megan Kelly, whatever those types of just Tucker Carlson don't like him, respect for just sitting there and talking to the screen for an hour. It's hard to do that multiple times a week. I would say Well, it's not like
sorry. What sorry. I cut you off.
No, no, no. Was just going to say I think what I like about our dialogue is that it's the dialogue we were having before we were recording it, right? Like we're just talking markets here. I think right now what's bothering me about markets I am like, I've traded the recent price action pretty well. I am now sitting portfolio all time highs. Am starting to lose a bit of confidence in my equities positions. Like just, I'm just wondering is it really, is it time to diversify into something else? Not because I can identify a reason why I should, In fact, it's probably still just gonna keep running
You know what? I articulate it in a bunch of different ways, but as a trader, tell you a story. Like, what makes a good analyst versus what makes a good PM is is an analyst can collect 100 pages of evidence. They can tell you exactly why the ten year is doing what the ten year is, why the inflation breakevens are where they are, why Intel's going up, why BlackBerry, QNX is driving the stock higher. They can tell you every single little factoid that you need to know about the market, but they can't figure out what actually matters. Like, what what is the core driver of the price? What is really
That was a week ago.
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