When I wrote this letter to my eleven year old son, I had no intention of sharing it with anyone but him. But after I wrote it, slept on it, then revisited it this morning... it dawned on me that there are lot of traders and subscribers...
As many of you know, Steve Strazza and I are touring South East Asia this month. We're hitting the homestretch of our trip, with about a week or so left. We're currently in Hong Kong and this city is beyond description. I don't even know where to...
We interrupt this raging bull market to update you on some historic positioning in the bond market that is sure to impact your portfolio, whether you like it or not.