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Going John Galt

John Galt

Financial adventures of a ‘retired’ millennial. Investment ideas with a macro overlay. Former institutional private equity investor.

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Substack
PricingOnly free issuesPublishesWeekly
Issues34Founded4 years agoLast Issuea year ago
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Latest Issues

$32 UNFORCED ERRORS

Executive Summary

  • Trade policy has become a source of systemic uncertainty

  • Markets are waking up to fiscal risk

  • Risk assets float on muscle memory and hope, bonds struggling

This post discusses—implicitly or explicit...

a year ago
8

$31 HEADS I WIN, TAILS...

Executive Summary

  • Economy has proven surprisingly resilient, but some cracks are emerging on the consumer side

  • Easing cycle may trigger residential asset sales in Q4, just as demand is starting to soften

  • With another rat...

2 years ago
6
1

$30 GOLDILOCKS (2.0) AND THE THREE BEARS

Executive Summary

  • Our last post suggested all time highs were a possibility, but just wow!

  • Even if the economy slows down, monetary headroom helps underwrite the vaunted Fed put

  • Chinese stocks are the cheapest we have ev...

2 years ago
12
4

$29 WHAT LANDING?

Executive Summary

  • Over past months, financial currents were underscored by discussions around Goldilocks 2.0 and the ‘immaculate disinflation’ narrative

  • In housing, reluctant sellers are holding the door to significantly lowe...

3 years ago
10
11

$28 MONETARY TIGHTENING VS. BANK CREDIT TIGHTENING

Executive Summary

  • Replacing monetary tightening with bank credit tightening leads to an uneven distribution of its impact across firms, markets & the economy

  • Effects of increasingly dovish Fed (lower rates) on valuations to...

3 years ago
6
3

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  • John Galt

    Post-pandemic adventures of a 'retired' millennial. Former institutional private equity investor. Not investment advice.

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