It is our habit to preview each week’s potential market-moving economic releases. This week’s release schedule is light so we decided instead to review our method for those Charter Subscribers newly signed on.
There is nothing unusual about our exercise. We aim to isolate major economic opportunity before it is priced in. When we do that our clients own price change ahead, either equity or fixed income or both, and in the case of business planners, the economic landscape ahead.
Price discovery is set by consensus and consensus is set by the several dozen major security firms and banks in the US, that is, the forecasts of their economists broadcast by the vehicle of the press. Thus, it was the general consensus last week that drove equity prices; it was the general consensus last week that drove interest rates, that drove oil prices. We all know this.
We understand economics at this shop but we do not forecast. There is no value provided in that. We are strategists. Our aim is to identify major flaws in consensus. If there is a major flaw to a consensus and we have it in hand, up front, then we have price change in hand.
We focus primarily on the US economy but also on offshore events if we believe they may impact our clients. Recent events in Japan, the Middle East and the EU are examples. Our success at this exercise can be seen by simply clicking on Scoreboard, to the right of this column.
We do not recommend specific trades in this product but do highlight Actionable Sector Strategies which provide guidance and security for clients’ specific trading or planning decisions.
We have endorsements available, many from major institutions. These also can be seen at our website.
That’s it folks. Enjoy the product.
Robert Craven
There is nothing unusual about our exercise. We aim to isolate major economic opportunity before it is priced in. When we do that our clients own price change ahead, either equity or fixed income or both, and in the case of business planners, the economic landscape ahead.
Price discovery is set by consensus and consensus is set by the several dozen major security firms and banks in the US, that is, the forecasts of their economists broadcast by the vehicle of the press. Thus, it was the general consensus last week that drove equity prices; it was the general consensus last week that drove interest rates, that drove oil prices. We all know this.
We understand economics at this shop but we do not forecast. There is no value provided in that. We are strategists. Our aim is to identify major flaws in consensus. If there is a major flaw to a consensus and we have it in hand, up front, then we have price change in hand.
We focus primarily on the US economy but also on offshore events if we believe they may impact our clients. Recent events in Japan, the Middle East and the EU are examples. Our success at this exercise can be seen by simply clicking on Scoreboard, to the right of this column.
We do not recommend specific trades in this product but do highlight Actionable Sector Strategies which provide guidance and security for clients’ specific trading or planning decisions.
We have endorsements available, many from major institutions. These also can be seen at our website.
That’s it folks. Enjoy the product.
Robert Craven
No comments:
Post a Comment