October Review

1st Anniversary

It is unbelievable how time passes, especially when you are having fun. On November 1st 2022, I decided to start Paper Alfa. More than 140 posts later, I couldn’t be happier with how things have evolved. We are now counting more than 1,200 subscribers, and numbers are still growing strongly, which makes me unbelievably proud. Thank you to all of you who have backed me and supported my work. It’s a cliche saying that without you, we wouldn’t be here, but in this case, it’s true. There is a strong correlation between your support and the output and thoughts I am providing. That’s how it should be.

Source: Dall-e

We are now counting subscribers from 67 countries. Amazing, really, and welcome my only Zimbabwean, Kenyan and Saudi subscribers. Thank you.

October saw a total of 22 posts published, most of them related to market moves and signal updates, which is natural as markets have experienced some volatility. The newly launched Macro Book series has also seen posts on the subject of generating ideas and how to best structure them into hopefully successful trades. We continued to look at the route to recession and how to observe economic data points for any clues ahead. Admittedly, there was a lack of educational content, which is going to be rectified shortly when I post a primer on Cross Currency Basis Swaps and their significance.

I have also asked good friends to write guest articles on any subject they like. November will likely see two of them posted, with one of them focussing on the always underestimated quest of decision-making under uncertainty, which is obvious when talking about financial markets. The other one is taking a more philosophical route by exploring commonalities between poetry and discretionary macro trading. A phenomenal and lengthy piece.

Plenty of things to look forward to as we enter the last two months of the year. I will be travelling for most of November but will post as usual.

Markets and humans have short memories. Let us not forget how lucky we are. I have to remind myself often. There are so many less fortunate and especially innocent children who are affected by war and conflict. I will be donating to efforts to those affected. I hope you will, too.

Thank you for your support and loyalty. I am forever grateful.