Hey Mark, In the last market outlook you suggested that you were going to sell the 93 and 94 May puts on TLT on Monday, after Kashkari spoke. However, we had a big risk event CPI today. Typically you suggest not stepping in front of big risk events like this? I would like to get your thought process on this and perhaps what you are doing now since it has moved against you.
The first question is saying that the houses, when sold, will be dated and need to be renovated by the purchaser. I’m surmising from the need to add insulation, etc.
Hey mark, here to clarify myself on the second question. The 1m was not 200K multiplied by 5. The 800k non permanent residence growth in the last year was net change. We would need a negative 200k net change of non permanent residences to get to 5% of cad pop in 3 years, so to go from +800k to -200k is a change of 1m. Given that last years pop growth was 1.3m, that is a big drop in population growth.
A follow up question to the selling of options as not being a taxable event but reducing the cost basis of the underlying stocks if you are holding the stocks. What happens once your cost basis goes to zero? Can you have a negative cost basis for the stocks?
'The USD 39 billion worth of 10-year Government Debt auctioned today (April 10, 2024) was awarded a high yield of 4.560%, 3.1 basis points higher than what was expected or indicated before the auction. It also surpassed the average of 4.207% in the past six such auctions and the tail (difference in yield offered versus expected) was rather large this time around. The auction for the 3-year note on Tuesday (April 09, 2024) was also poorly received.' - Barron's Is this a sign that investors are signaling to the US Federal Government to brings its finances in order, by demanding higher yields as compensation? And is this an example of a Bear Steepener trade, in case short term rates stay at their current levels (I'm probably missing the inflation angle in this question)?
Hey Mark, In the last market outlook you suggested that you were going to sell the 93 and 94 May puts on TLT on Monday, after Kashkari spoke. However, we had a big risk event CPI today. Typically you suggest not stepping in front of big risk events like this? I would like to get your thought process on this and perhaps what you are doing now since it has moved against you.
Amazing content and what a rain! Thanks a lot for all the effort you put in creating this material!
The first question is saying that the houses, when sold, will be dated and need to be renovated by the purchaser. I’m surmising from the need to add insulation, etc.
Hey Mark. Can you outline your process for analyzing the value of Reits. Specifically equity reits
Hey mark, here to clarify myself on the second question. The 1m was not 200K multiplied by 5. The 800k non permanent residence growth in the last year was net change. We would need a negative 200k net change of non permanent residences to get to 5% of cad pop in 3 years, so to go from +800k to -200k is a change of 1m. Given that last years pop growth was 1.3m, that is a big drop in population growth.
Love the idea of questions that rely on info from videos +10k etc.
For the electric flickering, a small UPS would be a nice quality of life upgrade
Wow those type of questions in the sector studies would be a great idea
Mark did you increase your exposure in TLT? Are you still selling $93 puts? Or has the investment thesis changed with hotter CPI results?
A follow up question to the selling of options as not being a taxable event but reducing the cost basis of the underlying stocks if you are holding the stocks. What happens once your cost basis goes to zero? Can you have a negative cost basis for the stocks?
Is it worthfull to follow cfa level1 videos for 2024level1 exam
'The USD 39 billion worth of 10-year Government Debt auctioned today (April 10, 2024) was awarded a high yield of 4.560%, 3.1 basis points higher than what was expected or indicated before the auction.
It also surpassed the average of 4.207% in the past six such auctions and the tail (difference in yield offered versus expected) was rather large this time around.
The auction for the 3-year note on Tuesday (April 09, 2024) was also poorly received.' - Barron's
Is this a sign that investors are signaling to the US Federal Government to brings its finances in order, by demanding higher yields as compensation?
And is this an example of a Bear Steepener trade, in case short term rates stay at their current levels (I'm probably missing the inflation angle in this question)?