To me, the Occam’s Razor explanation for why charts have gone Daffy Duck is not because of [HFT]robots, but simply because the macro environment has been bizarre … like “unprecedented in history” bizarre. And it’s been this way for a while now.
via Attention Frustrated Chartists: It Ain't High-Frequency Trading, It's The Macro – Seeking Alpha.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.