This time I don't buy your argument: according to last week FT, "Apple is a Chinese company". And it happens that it is the largest company in S&P 500: how can you say that deglobalization would benefit Apple? Mean reversion still rules!
great thought provoking ideas as always Russell - now you're back with full access to your systems etc. , would love to hear how you actually go about practically implementing long GLD short TLT - do you trade dollar/risk neutral, when to rebalance the legs etc.
This time I don't buy your argument: according to last week FT, "Apple is a Chinese company". And it happens that it is the largest company in S&P 500: how can you say that deglobalization would benefit Apple? Mean reversion still rules!
Thanks Russell. Welcome back from your travels. I used to have a lot of fun with the Apple corporate finance and valuation questions. Scribbled about it the other day here https://twitter.com/SquirrelMacro/status/1655412715299684352?s=20 and here https://www.blindsquirrelmacro.com/p/crisis-what-crisis
Comparing to the 2 year Treasury! Yes - current short rates make most things look unattractive...
Would be interested to get your take on Czechia and whether you noticed food prices being comparable to food prices at home?
About half the price of london... but on a par with soemwhere like Newcastle
great thought provoking ideas as always Russell - now you're back with full access to your systems etc. , would love to hear how you actually go about practically implementing long GLD short TLT - do you trade dollar/risk neutral, when to rebalance the legs etc.
Will do