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The Flea on the Tail of the Dog

IBKR Podcasts

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How Much Do You Look at Cyclicality?

The most gripping cyclical feature of this market is seasonality, right? And spokes are very excited about the Santa rally so-called for this end of year run and then they're going to somehow time this before a massive fall in 2023. That always cracks me up. But I don't study everything on a cyclical nature. No one can. It has to be an outlier. For me, outliers are interesting, but extreme outliers revert with velocity.And it's those reversions that I'm very excited about.

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