A LONG IDEA!
Pro-labour policies should be good for consumption and commodities everywhere
In previous posts, I have tried to talk about how I used to manage money using a 3M process - Macro, Micro and Market. In essence I was looking for a macro change, that was supported by underlying industry data (micro) and confirmed by market trends, particularly technicals. The biggest macro trend I paid attention to was currency, which I had seen be the least understood factor in investing in my career. This stopped working in 2016, with Brexit, China and Trump, making politics far more important than macro. It took me a long time to accept that politics is more important than macro, but now that it has, my investing process is improving. I have had to rename it 4M - with the additional M is motivation, which is another way of saying politics. Paid subscribers will be aware of the ideas I have already pitched.
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