8/14 China Misery
Economic Events are Not Looking Good For China
Index
I. Forward
II. Reflection
III. Markets
IV. Analysis and Commentary
Forward
There was a lot happening last night, as well as some 13F filings like Burry’s that came out today that are interesting, so I won’t mince words but get right into business today. I cover in a lot more depth the headwinds we are facing that I briefly went over on Friday’s letter. I encourage you to take a lot more time than normal digesting this daily today, and to re-read Fridays as well. Your time is valuable, but this material will arm you for what’s coming and what’s going on.
Our only housekeeping for today tribe is I have another pod coming out tomorrow with Gwen.
I also take serious pride in this being an affordable educational site. I am adding a veteran discount on top of adding student discounts to subscriptions.
VETERAN DISCOUNTS FOR WIZ SUBSTACK (need a vmail.vet address)
STUDENT DISCOUNTS for WIZ SUBSTACK (need an educational institution address)
If you enjoy the stack, make sure to like this post, restack, retweet, subscribe to the tribe. It goes a long way and I think 95% of those that upgrade will say they’ve seen their trading improve incredibly. But enough of the biz, let’s get down to wiz.
Reflection
I had this written up and forgot to add it at the end.
I have been a grinder all my life. I know most people say this but I have had to fight hard for all and any success I’ve ever been given.
Building things up has never come naturally, I often feel too much emotion for why I am where I am.
There are times I worry I am overly ambitious, times I worry why I have not grown more or changed.
There are even times I worry about why am I not more successful on things like substack. I set goals in my head how many subs will I have this week, this month, this year. Then I see someone just tweet, I dropped a new substack seemed like fun! And they have 12x the amount of subs I have had to grind for instantly. It almost seems like an insult because maybe I read their stack and I feel it is not as well composed as mine is. I wonder if it is who I am, or what they have different that I do not have. I want to be considered an amazing writer, I want to move people with my ideas, and they seem to not want it as bad.
It is the natural competitor in me. It has given me so many legs up, but at the same time it may create comparisons. It doesn’t matter how old I get my mind always naturally goes there, but I have tried to take my drive as a competitor and go, well I’m going to be the best at defusing what makes me not at peace. I will learn strategies, I will read meditations, I will learn philosophy. I will practice recognizing thought patterns and habits that I can then work to undo.
This is never ever easy. In fact it is a lifelong process. But what I have found to be the most helpful is that your belief in yourself to change but must never diminish. You must find a way to wake up each morning and go I can be anyone I want to be today. It is not to late for me.
Markets
Today we sit right on the 447.40 outlined in my important market update from Friday. Sentiment is clearly shifting now, but the question is of course to which side.