Time for a return to the Dark Side?
Time for a return to the Dark Side?
The Blind Squirrel's Monday Morning Notes, June 19th, 2023.
Summary
It’s time for a (small) return to the ‘Dark Side’ as large cap tech has moved too far, too fast and downside protection is now available at ‘fire sale’ prices.
Also on the ‘Dark Side’, we added a short position in Coinbase. We think that recent regulatory action creates existential issues for the company.
Things are really taking off for our grains trades, but we remain cognizant that recent gains could be wiped out at the stroke of a weather forecaster’s pen.
Further Acorn updates on the Aussie Dollar, Mercedes (option roll), uranium and Goldman Sachs / private equity.
New equity long positions in Japan (yes, late to the party, I know!) and West Africa’s sleeping giant.
Time for a return to the Dark Side?
We had a laugh out loud moment listening to last week’s Market Huddle podcast. So much so that I had to clip it up (links via the image below). Kevin, as a former market maker, has never seen an option that he does not want to sell.