The full Monday note can always be found at www.blindsquirrelmacro.comMusic from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comMusic from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comMusic from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comMusic from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Link to Goldman Sachs AI piece “I think that there is a foundational massive breakthrough in software engineering that has happened in the last 3 months that people are not paying enough attention to. I was able to build an app for myself in a couple of weeks using AI software engineering tools which previously would have cost $1-2m in seed capital, five people and 12 to 18 months of time to build…” Dave Morin, Offline Ventures.Semiconductors ($SOXX ETF) versus Cloud / SaaS providers ($WCLD, the Wisdomtree Cloud ETF that we discussed in the 🐿️’s most recent acorn trade and on The Market Huddle with Kevin Muir last week).Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Let’s walk through the economics of owning that option. Click the image below to link to the profit and loss worksheet.Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Welcome to the first edition of The Multi Asset Speed Date with my friend MC of MacroCharts. We recorded this on Wednesday 25th September 2024.Running time: 37 minutes.Squirrel out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Music from Max Slorach. Find him at:email: [email protected] / web: maxonsax.com.auThanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Thanks for listening!Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Rogue Trader Soundtrack:Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can always be found at www.blindsquirrelmacro.comIf you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:Remember in March when the obituaries were being written for Alphabet GOOG 0.00%↑ after the botched launch of their ‘woke’ chatbot, Gemini? So does the 🐿️! 😉Squirrel Out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The full Monday note can be found at www.blindsquirrelmacro.comThe Monday Note:Show Note Visuals:SpotGamma note the vanna and charm effects of the index options market.Dispersion explainer: These days everyone is a seller of volatility and the dispersion trade (long single stock volatility, short index volatility - explainer here) continues to be crowded.David Dredge’s excellent April Risk Update - “Wittgenstein’s Ruler” elegantly points out some long-term patterns from the past, highlighting how extreme compression in FX vols often acts as a harbinger for major (unforeseen) risk events. With hindsight it all looks so obvious!es.If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The Monday Note:Show Note Visuals:Agriculture’s share of developed economies has shrunk dramatically over that period.If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The Monday Note:Show Note Visuals:If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The Monday Note:The Visuals:If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The Monday Note:The Visuals:The 3 tables below are taken from the OECD and UN FAO’s Agricultural Outlook 2023-2032:‘The Hip’If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

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Blind Squirrel Macro is a reader-supported publication. To access the full weekly report, acorn reports, The Drey (Discord server) and merch (!) please consider becoming a paid subscriber Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Blind Squirrel Macro is a reader-supported publication. To access the full weekly report, acorn reports, The Drey (Discord server) and merch (!) please consider becoming a paid subscriber. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Blind Squirrel Macro is a reader-supported publication. To access the full weekly report, acorn reports, The Drey (Discord server) and merch (!) please consider becoming a paid subscriber. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

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I am also adding a link to an interview I recorded in December with Patrick Flood of LATAM STOCKS last December after I published our Brazil Basket in ‘Samba Time’.See you next week! Squirrel out!If you act on anything provided in this newsletter, you agree to the terms in this disclaimer. Everything in this newsletter is for educational and entertainment purposes only and NOT investment advice. Nothing in this newsletter is an offer to sell or to buy any security. The author is not responsible for any financial loss you may incur by acting on any information provided in this newsletter. Before making any investment decisions, talk to a financial advisor. Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

The Led Zepellin reference explained! Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

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Get full access to Blind Squirrel Macro at www.blindsquirrelmacro.com/subscribe

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