..with Macros now becoming so fluid and uncertain, it becomes doubly hard when micros suddenly have the knack of blindsiding us.
..which is why I would avoid (unless very compelling) equities so as to be bothered by micros (company specific factors), until at least when we have had that major correction that people had been anticipating or when a rising market lifts all boats (across sectors and exchanges).
..but I don't think we will see either so a focus on Gold [physical/ETF] and BTC [while continue sidelined with cash] as asset classes does away with need to worry over new corporate revelations that can only sting us when things get bad enough that they can no longer sugar coat it.
..blindsiding revelations like this plus all those scandals in recent weeks and months: Perpetual could be hit with a tax bill of more than $500 million over the sale of assets to private equity giant KKR – putting the whole deal in question. The shares sank 5.8 per cent to $20.31.
