Second Hand News
EBAY has surged despite its break-up with AXP. Import substitution may be why. It won't keep prices down for long though. Chinese stocks to benefit as they fill the gap.
122
0
1
Aug 17, 2025
MACRO STOCK SCREEN
A tool to find stocks that should benefit from our macro views (or yours!). Includes a technical signal to screen for interesting trade candidates.
OUR TRACK RECORD
We trade our macro views transparently and provide daily updates of how we are doing relative to our benchmark of SPY.
Second Hand News
EBAY has surged despite its break-up with AXP. Import substitution may be why. It won't keep prices down for long though. Chinese stocks to benefit as they fill the gap.
122
0
1
Aug 17, 2025
The Biggest Surprise of Them All
Biggest surprises of 2025: a surge in US corporate profit margins in Q2. What were the drivers? Will it last? What does it mean for stocks, rates, and the USD
258
3
2
Friday, August 15, 2025
METHODOLOGY:
1: Excess returns are calculated daily using US closing prices.
2. Portfolios are rebalanced on Mondays at New York open, based on allocation strategies discussed in our Beat the Market video on Sunday.
3: The calibration of our risk exposure is based on our target of annual excess return of 250 basis points and information ratio of 2.
< 10 mins
The Biggest Surprise of Them All
Biggest surprises of 2025: a surge in US corporate profit margins in Q2. What were the drivers? Will it last? What does it mean for stocks, rates, and the USD
258
3
2
Friday, August 15, 2025
Sunday strategy video
30 mins
Second Hand News
EBAY has surged despite its break-up with AXP. Import substitution may be why. It won't keep prices down for long though. Chinese stocks to benefit as they fill the gap.
Second Hand News
EBAY has surged despite its break-up with AXP. Import substitution may be why. It won't keep prices down for long though. Chinese stocks to benefit as they fill the gap.
Second Hand News
EBAY has surged despite its break-up with AXP. Import substitution may be why. It won't keep prices down for long though. Chinese stocks to benefit as they fill the gap.
122
0
1
Sunday, August 17, 2025
Leverage without leverage
Warren Buffett and Peter Lynch tell us that diversification is bad. We explain what really happens when you diversify, and how we use it.
MORE BUYERS OR SELLERS?
Monday fast money
Chinese data suggests Covid testing is being reduced
Asymptomatic cases in China have begun to diverge from symptomatic cases.
