Happy New Year from the 🐿️!
A quick note of thanks for your support and wishing you the best for 2024.
I am on the road this week visiting Mrs. 🐿️’s relatives up on the New South Wales / Queensland border. We drove up here from Melbourne. It turns out that distances ‘down under’ get pretty extended with a national speed limit of 110Kmph!
The positive of the road trip was that it allowed for plenty of thinking time as we go into the New Year with both bonds and equities feeling precariously extended. Next week’s piece is titled “Eyes on Stalks!”. It will be out on January 1st or 2nd.
However, I wanted to take this opportunity to thank you all for your support this year, and to wish a happy and prosperous 2024 to you and your families! I hope that you have all have managed to get some rest over the holiday period.
Acorn trade update (2-week changes) as at close of business on Friday 29th December (effective year-end marks).
Another couple of weeks of pain in the grains trades (I remain positive), but the new positions in Brazil, UK midcaps and short-dated fixed income h…