Your Tools vs Absolutes

"It's a very useful tool, but like anything else, you can't take anything out of that as an absolute. 

You have to be careful not to do anything in absolutes..... 

You have to understand the situation, what's the time on the clock, how's our defense playing.....all of these factors. 

It's just a tool like anything else, but you use it with all the other pieces of information to try to make the best decision."

That's what this is all about: Weighing all the evidence.

You see, every cycle is different. This one might remind you of 2018, but it's not. It's 2022.

I might tell you that this market looks a lot like 2004-2006 with rising rates, value outperforming and International outpacing US stocks. But guess what? It's not 2004-2006. It's 2022.

We need to weigh all the evidence in order to make the best decisions.

Yes, historically this is a more bullish part of the calendar. But does that mean we're just going to buy stocks blindly?

Analytics are a great tool.

But at the end of the day, it all comes down to price.

We want to increase our probabilities of success, identify trends and point to what the market would have to do to prove our thesis to be invalid.

We can't take anything in absolutes.

McDaniel is right.

If there is any coach in the NFL that would likely make a great trader, it's this guy.

You can listen to the full interview here if you'd like to get to know the new Dolphins head coach a little better.

JC