I posted this recently about some fundamental commentary that made it across my desk. The author, Paul Dravis, responded:
“Interesting that Mr. Covel (who has been receiving my note for over a year) would not reach out and ask for the drivers behind the color coded table on the lower right of the PDF – trend following 101. If anyone is in San Francisco, I will walk you thru the process.”
Amazing. He writes 100% fundamental commentary and somehow he sees it as technical trend following.
Look, a pink unicorn!
