BarroMetrics Views: Random Thoughts
I got back from Singapore yesterday after conducting a 2-day seminar there. The seminar was part of the 3-month curriculum to do all I can to:
- ensure attendees effect the behavioural change that
- results in the attainment of their trading goals.
Early days yet, but if the 2-day response is anything to go by, we are on-track to achieving my goal.
Turning to my random thoughts…..
Event 1: It is interesting that in one-week I received two separate posts from the partners of full-time traders. Both were seeking to meet in Singapore, interestingly enough neither picked up the phone to arrange the meeting.
Chrisy, my wife, and I feel for them. On the one hand, it’s very hard to be supportive when all that your spouse does is throw your hard-earned dollars out the window – you see him blowing the account, time after time after time. On the other, as a spouse we feel it to be an integral part of the marriage contract to provide the support our spouse needs to pull him through the hard times.
Added to that is the question of: what words and actions can I provide to help him through the crisis?
Not an easy question to answer. Perhaps someone should start a ‘support group for long-suffering’ spouses?
Event 2: The S&P had two consecutive trend day’s down. This raises the possibility that the belief in the FED is at an inflection point? More next week on this.
In this regard there are three macro events worth noting:
- The FED’s implication that QE is here to stay.
- The Russian invasion of Ukraine as a ‘when’ not ‘if’ question.
- The Chinese slowdown.