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"How can you not be romantic about baseball?" — Brad Pitt as Billy Beane in Moneyball “This field, this game -- it’s a part of our past, Ray. It reminds us of all that once was good, and it could be again.” — James Earl Jones as Terence Mann in Field of Dreams “Well, Nuke’s scared because his eyelids are jammed and his old man’s here. We need a live rooster to take the curse off José’s glove, and nobody seems to know what to give Millie and Jimmy for their wedding present.” — Kevin Costner as Crash Davis in Bull Durham Dear Fellow Traveler: Momentum remains deeply red. And markets are now starting to wake up to what we’ve known over the last few weeks. The pressures on credit, bonds, and more are likely going to continue as the possibility of de-escalation fades quickly…
Our signal says that we should remain in cash and cash equivalents - or focus on the things that sit at the top of the food chain in momentum - where the rotation has lived for the better part of a week… These are the strongest momentum stocks…
I see that things are about to get a little more intense in the coming days, which is why I’m walking away from my computer after an interview with StockTwits… to go watch the Baltimore Orioles play the Minnesota Twins. And for three hours, I’ll watch a game that simply brings a smile to my face and dissolves all these other worries for a while. It is days like this… why I built a defensive momentum indicator and build cash when the stress builds, and liquidity worries start to signal bigger issues two to three weeks before things go awry. For just one afternoon… I won’t even think about this market… I hope you don’t either. I hope you all have a chance to enjoy Opening Day, and if you’re not a baseball fan, perhaps you will have thought to please my ghost for just a few hours. Stay positive, Garrett Baldwin About Me and the Money Printer Me and the Money Printer is a daily publication covering the financial markets through three critical equations. We track liquidity (money in the financial system), momentum (where money is moving in the system), and insider buying (where Smart Money at companies is moving their money). Combining these elements with a deep understanding of central banking and how the global system works has allowed us to navigate financial cycles and boost our probability of success as investors and traders. This insight is based on roughly 17 years of intensive academic work at four universities, extensive collaboration with market experts, and the joy of trial and error in research. You can take a free look at our worldview and thesis right here. Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.
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