i showed this when I was getting smacked around so as to have context. YTD performance return, not annualized, to give indication of the risk of my views to date. Long JPM BA MGA GS central thesis tabled on March 17 is that Roberts ended the constitutional crisis risk and "no Trump" as tariffs are so fantastical they have, as far as risk goes, cease to exist. we are are getting schooled (reschooled?) on the US Constitution in ways not dealt with since Brown v Topeka and the 101st Airborne dispatched. the lesson is not to be hysterical but to point out Trump has no coercive force and must deal with the other two articles in the US Constitution. what results is.....with great irony.... Bidenomics check out The Monetary Frontier - pinned to my profile. still the cheapest high quality orginal substack. no one like me.
the current market is a transition market so has no properties of mean reversion in any metric such that systematic investment or portfolio management can be applied. it is still a digital though I think the risk now favors the "no Trump" branch. it is only speculation now.
money and wealth you cannot part with should be in cash. only that money that you can survive losing should be used now and then only in full spec mode.