Commodities & Monkey Memory Cycles

Also: Market Outlook & Portfolio Positioning

GM Shrubstack! In today's piece:

• We revisit the Theory of Rolling Ponzis in order to establish the length of the Memory Cycle for Monkeys

• We discuss important developments in Commodities

• Finally, we go through our Market Outlook & Portfolio Positioning

Rolling Ponzis & the Monkey Memory Cycle

Our “Theory of Rolling Ponzis” goes like this:

• “The Market Monkey has a one-week horizon and will buy everything related to the Ponzi du Jour, before moving on to the next Ponzi”

  • - Le Shrub’s Theory of Rolling Ponzis

Unlike the typical academic nonsense, our Theory has already produced tangible results with significant gains:

• Multi-bagger gains on Calls in the Quantum Ponzis

• +45% gain in the “Spinny Ponzi”

• and more recently, multi-bagger gains on Calls in the Drone Ponzis

Regarding the Drone Ponzis, on June 4th, we took a view that there was a good chance that the While House would sign an Executive Order to benefit the Drone Industry, which it did a few days later. The Drone stocks proceeded to fly sky high, our Calls went to the Moon, we sold for a multi-bagger return and we gave thanks.

But then something happened that triggered us to revisit the Theory and include an Addendum…