Saturday, June 11, 2016

Things that make me stay up at night this week...

Others have talked about a "wall of worry". I focus in the things that may keep me up at night. Call it the winds of sentiment but it may have impact on expectations and asset prices. More importantly, it may be the news story that may not mean anything today but may eventually result in future negative event.

I found particularly interesting the comments from key investors. Of course, they are talking their books and they have a desire for headlines but their stories have caught my attention. Soros is negative. Gross is bounding a negative debt story. Rich people are hoarding cash. With the Fed likely on hold this month, there is a negative feeling in the air.

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