Master of the House and Sundae Sprinkles
The Blind Squirrel's Monday Morning Notes, August 14th, 2023.

A whirlwind narrative arc takes us from Victor Hugo via “America’s angriest hedge fund” to principal protected notes. Bear with the 🐿️!
If you want downside protection with upside participation in the S&P 500 index, do it yourself! Introducing The Blind Squirrels ‘DIY’ option.
Today, structured products (and how they are hedged) are an important component of equity market structure and create yet another layer of market fragility. Ignore them at your peril.
Full Acorn Review covering TLT 0.00%↑ DBA 0.00%↑ WEAT 0.00%↑ #Mercedes BNO 0.00%↑ UNG 0.00%↑ and $AUDUSD.
Note: I have recorded an audio voice over of front section of the letter this week. The letter also contains a video walk-through of the 🐿️’s DIY PPN Structure. Feedback welcome. I am working to put this on the major podcast apps.
Master of the House and Sundae Sprinkles
Family road trips in the 1980s required the us…