Liberty, Finance, Bullshit: A QTR Week In Review
Here's what I wrote about over the last week, in case you missed it.
It was a wild week and is shaping up to be a wild December. This week, I provided analysis on everything from bitcoin’s plunge to the Fed’s hawkish tone with markets to why I believe there is going to be more volatility coming heading into the end of the year.
If you haven’t subscribed to Fringe Finance yet and don’t have access to my near-daily analysis and interviews, I’d love to offer you a holiday discount of 20% off right now:
Here’s what I wrote about this week.
BITCOIN’S PLUNGE MEANS MORE VOLATILITY COMING
Heading into the first weekend in December, it sure looked to me like the volatility in markets was quite over yet, especially following a massive 20% plunge in bitcoin on Friday night into Saturday morning.
I wrote my analysis of why I thought bitcoin’s plunge was likely a liquidation and not a crisis of confidence (yet) in bitcoin, and why it likely portends ugly things to come for equity markets this month:
THE TAPER, NOT OMICRON, IS CAUSING THE MARKET VOLATILITY
This week I also wrote a piece explaining why I believe traders would be better off following Jerome Powell’s tone as opposed to how things with the omicron variant are going.
“Omicron is contributing to volatility, but it's plans for tapering that really have the market unsteady. And unless Powell walks back his hawkish commentary, don't expect anything to change,” I explained.
FOUR STOCKS THAT OFFER GROWTH AT A REASONABLE PRICE
In the same article, I write about four stocks I have been buying amidst the volatility that I think offer growth at a reasonable price. You can read more here:
THE FED MAKES FINDING VALUE IMPOSSIBLE
Mid-week I also spoke with legendary open outcry trader Jack Boroudjian, who weighed in on his thoughts about
Why he recently sold all of his Bitcoin after making money on it
The future of digital currency; will it be Bitcoin-backed or central bank-backed?
The euphoria markets are in and why this time isn’t different
What he thinks will happen when the Fed finally gets out of the bond market, and how he sees it happening
Whether or not he believes that options are being weaponized in order to help move stock indexes
Bond “vigilante” traders, and how they are patiently waiting for the first indication that the Fed is going to stop bidding in the bond market
Whether or not a “reversion to the mean” will happen in stocks like Tesla
That entire interview can be found here:
THE FED ADMITS IT HAS LOST CONTROL
Of course, the story all started at the beginning of the week when Jerome Powell urged lawmakers to “retire” the term “transitory” that we have all been laughing at for months anyway.
“Powell's testimony yesterday is likely a game changer for markets heading into 2022,” I wrote, before explaining my reasoning, which you can read here:
EXCLUSIVE INTERVIEW WITH ONE OF MY FAVORITE TRADERS
I also offered up an exclusive interview with Rosemont Seneca, a U.S. based professional trader focused on event-driven and distressed situations. Rosemont has spent their career on the buy-side working as a financials analyst and their investing/trading style is inspired in equal parts by Icahn and Druckenmiller.
We talked about crypto, market crashes, rate hikes, where there’s any value left, whether PEs could return to 10x and all things risk aversion.
Part 1 of that interview can be found here:
And part 2 can be found here: