Saturday, April 4, 2026 
Top3
1. I am not short the dollar anymore. While I had expectations that the dollar would break down out of it’s recent consolidation, it broke up. That’s trading. If you are trading because you want to be right all the time, then this is the wrong business for you. Trading is not about being right frequently. It is about the magnitude of your gain when you are right. This concept is illustrated more clearly in The Babe Ruth Effect: Frequency VS Magnitude.
2. I am bullish on Gold. However, in the short term I have re-allocated any interest in gold to short more of the REITs. At some point I will be long the yellow metal again.
3. Why am I so bearish on the REITs? Because that is where the alpha will be. The market will trade lower, but what sector is going to crash lower and outperform to the downside? The commercial REITs. Stay tuned to Stripnomics for the names with the worst fundamentals. If you’d rather look at a chart of the real estate index, just check out symbol (IYR).
Peace
Look Out Below
