The Bull Has Legs: Everything You Need To Know For The Week Ahead

Wasps, bull markets, bitcoin, commodities leading again and more...

Beth found this queen hibernating outside yesterday. This girl will have to go out alone after all of her family died and try to start all over again. Most will die trying to do so but I empathize with her situation. I know they are beneficial to the planet.

So we saved her.

Wasps scare the shit out of people. Yellowjackets even more so. (Yellowjackets are Wasps, just another type and one of the most aggressive when provoked or near a nest)

They also scare the shit out of me but I am a bit crazy. Like literally, no joke. My life is a series of highs and lows. My birth was a low point. Being a teenager was a low point. Growing up as a professional athlete was a high point but I was going through injuries like rupturing my spleen, 4 knee surgeries, rotator cuff surgery, broken bones, getting my foot fused together and so on which create a whole other battle. That created a low point. Creating new businesses and learning how to trade was a high point. Learning how to trade though, had plenty of low points early on as well.

As I get older, I understand the only thing that I can do is to change the way I react to life.

”Everything can be taken from a man but one thing: the last of human freedoms - to choose one's attitude in any given set of circumstances, to choose one's own way.” Viktor E. Frankl

What does this have to do with a wasp?

I have changed the way I look at all bees. Today they land on me in my yard. I read about them constantly. I learned that wasps can recognize faces and because of this they are very calm around me. They can also detect cancer, seriously. I learned that bumblebees play like a human child. I learned that the scariest looking wasps on the planet hang out in the same place and wait for me to spray water on the ground so they can drink. I learned that I don’t have to spray vegetables with poison because they get rid of all of the pests that are on our garden.

Overall I think it is important to be open minded. Open to being wrong. Open to being scared. Open to being a new version of yourself. This is how you become a good trader. I think we have too many people in this industry who pretend they know everything about the markets. No trader knows everything. You should play to your strengths. One for me for example, I have no idea what sympathy trading is. I have an idea now but it was a new word for me two weeks ago. So I asked at a very awkward time. I learned early on that the smartest people in the room are not afraid to look stupid. Just like a Steph Curry is not afraid to miss a shot. Just as a good trader is not afraid of a losing trade.

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I would be open to the possibility of commodities outperforming stocks and bonds again. I talked about my grandmother a lot today. She was the sweetest person I’ll ever know. In her life something she was wed to was the fact that the market only goes one direction. She was not a trader, just a long term investor but she would always talk about how the market will always come back. From 1982-today most of them have been right. However we have not seen many commodity cycles since then. The next 60/40 portfolio was huge around that time and bonds never broke trend until recently.

Yields are on a 40-45 year cycle. Bottoming in 1982 and breaking the trend line in 2022.

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