One Chart: Never, Ever, Ever, Ever, Ever Blindly Trust Banks With Your Life Decisions
If you read only one post, make it this one
Housekeeping: This one is for my Aunt A, a subscriber who has smartly avoided the pitfalls of taking advice from salesmen posing as experts
Not The Exception, The Rule
This is just the latest example of how banks use their “analysis”1 to help investors make informed decisions2.
To double down or not to double down? We recommend investors avoid China Internet on a 6-12 month view. …
We expect the change will lead to significant fund outflows from the sector, which will put pressure on the sector share price for an uncertain duration.
Related: JPM Downgrades Chinese Internet Sector, Tells Clients To Avoid For 6-12 Months
Never, Ever, Ever, Ever Trust Bank Investment Advice Blindly
Full Report at Bottom.
Podcast
Today’s Podcast touches on Geopolitical (Ukraine), Macro (Fed Raising/ China Easing) and technical (open interest) factors driving Gold. Founders will be particularly interested in the last 8 minutes as it is an important addendum to our Sunday chat.
1:50 to 2:45 - Mkt rundown
2:45 to 5:15 - Ukraine Mkt Effects
5:20 to 5:59 - Fed Day Effects
6:00 to 7:05 - China Driven Macro
7:33 to 11:55- Psychology of Gold Trades
12:10 to end- Gold CoT Open Interest* Founders stuff*
Zen Moment
Here’s a Bank taking its clients for a ride:
Have a good one
Never, Ever, Ever, Ever Trust Bank Investment Advice Blindly