The "Invisible Hand" of the market is a curious thing. Lately, I’ve been reflecting on the paradox of our current economy. Everywhere I look, the market is erupting. Yet, in my daily life... especially during my side-hustle... I see a different reality. I see a plague of "I Want" disease. People choose immediate, depreciating "wants" over the long-term power of compounding. For me, the choice has always been clear: I’d rather own the debt of a utility company than a fleeting luxury. With interest rates in a state of flux and Jerome Powell stepping aside for new leadership, the era of the "easy" 5% High-Yield Savings Account (HYSA) is showing cracks. Just this past Wednesday, April 22nd, I watched my HYSA rate get trimmed to 3.25%. But the Economy is moving aggressively in many segments. When the bank pulls back, I lean into the alternatives. Specifically, I’m looking at Junior Debt ... often called "Baby Bonds." The Middle Groun...
Systems, Iron, and Yield: Periodical logs on programmatic trading, augmented infrastructure income, and the discipline of a structured life by an algorithmic quant Trader.
A periodical by Michael Medeiros