Strategy Note /
Global

Sell The Rumor, Buy The News

  • We know the "pothole" playbook - it represents a sentiment reset not a trend break as the technical guys say

  • Wall St's famous "pain trade" - the market move that messes up the most people - is higher given sentiment & positioning

  • We want to buy the laggards like China - cheap growth, full policy quiver, strong FX - we see a "China 2022 glide path"

Jay Pelosky
Jay Pelosky

TPW Founder & Global Strategist

TPW Advisory
10 December 2021
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