Postcards: Bull in a China (E-Commerce) Shop

Here comes the easing... here's how to trade it.

Dear Fellow Expat:

I have returned from Boca Raton. The typical drive from Boca to Bonita is about 2.5 hours.

Last night, unfortunately, it took 4.5 hours.

Right as we turned onto Alligator Alley – we were parked for two hours due to a very nasty accident involving semi-trucks and motorcycles.

I wish… that I could unsee a few things.

Typically, I’d take the full day off… you wouldn’t hear from me.

But our conversations aren’t just about the markets. They’re therapeutic in the opportunity to share an important story.

So, today, I want to highlight some important information.

It starts… in China.

More Easing… Not Less.

A few days ago, I highlighted that Michael Burry, the famous hedge fund manager from The Big Short, overcame his concerns about the equity markets in the first quarter.

Burry had sold his entire stock portfolio at the end of the year in 2022 – save one company: Geo Group (GEO), which runs prisons and border detention centers.

In the first quarter, Burry finally put money to work. Th…