Postcards: Seventy Miles of Dirt (A Primer for Earnings Season)

If you've been reading Postcards, you know that central banks, liquidity, and momentum are the big drivers of equity markets. But every three months, we get together and keep media outlets in business

Market Update: I am not well. Whatever stomach bug my wife and daughter had has officially defeated me. As I said yesterday, I’m glad that it hit today and not tomorrow. Markets are in a low-volume environment, insider buying is hushed, central bankers are quiet, and earnings season starts on Friday. With the energy sector negative, we’re watching names like Occidental (OXY) slide, setting us up for an opportunity in the next week or so to deploy the Warren Buffett trade…

Dear Fellow Expat:

“AMELIA!!!” I scream, shaking my fist to the sky.

On Monday, she had the stomach flu.

On Tuesday, my wife had the stomach flu…

You know how the story ends on Wednesday.