Ice Farm 2015 End Of Year Chartnado – Best Ideas: Still Blame Canada! Short Canada Financials through ETFs [Slides]

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Ice Farm 2015 End Of Year Chartnado – Best Ideas: Still Blame Canada! Short Canada Financials through ETFs [Slides]

Biotechs, Chinese Equites, FANGs: 2015 End Of Year Chartnado by Ice Farm

  • A Tale of Two Years
    • First half –Long Biotechs(+35.0%), Long China (+32%)
    • Second half –Short EM and faux DM(+25.5%), Short Commodities (+22%), long Quality vs Junk (+25%)
  • Theme for entire year? Vampire FANGs (+44%)
  • Ice Farm core view was that equity vol was too low, that faux DMs (Canada) were heading towards recession.
    • Right, but stumbled in delivering
  • Theme Outlook
  • Demographics – older, not wiser
  • Inflation – the Phillips Curveball…
  • Economic Outlook – Logistic growth limited by supply of labor
  • Deleveraging – a function of demographics
  • Inequality – misspecified, but politically powerful
  • Why Civilizations Fail – real time investment implications for China, Russia, Middle East and Japan
  • 2016 Ice Farm best ideas

Biotechs – Healthcare for aging Boomers. Still a favored sector due to demographics, but cost control becomes important now

And as crazy as it seems, Biotechs are now trading below their historical valuation multiples with significant multiple compression over last year

This Multi-Billion Dollar Energy Fund Is Benefitting From The Recent Market Volatility [Exclusive And In-Depth]

EnergyHITE Hedge's alpha-only funds returned 0.62% for the second quarter, bringing their first-half returns for 2022 to 8.5%. The funds have grown their assets under management to more than $725 million as of Aug. 1. The firm has added about $200 million in assets since the beginning of the year, moving it