Chain Reaction
...and the impossible outcome.
Monday’s market action —while historic and unprecedented in many ways— was also precisely what stocks have done many times in the past, during prior panics.
Over the weekend, we studied the historical context and laid out my clear-cut, specific execution strategy for this week.
We’ll continue to build on this strategy over the coming weeks, as we (1) analyze and (2) take action during this important moment in history.
Today, we’ll take another big step in this direction, and propose a framework which is a bit different from the mainstream consensus view. Time will tell, and I suspect markets will tell us soon.
My Open Book:
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