Postcards: No Dancing in the MRI Machine

Markets are not looking good... gee, it seems like there's a service that we offer for free that tells people when it's time to hedge or move to cash. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more You are a free subscriber to Postcards from the Florida Republic. To upgrade to paid and receive the daily Republic Risk Letter, [subscribe here](. --------------------------------------------------------------- [Postcards: No Dancing in the MRI Machine]( Markets are not looking good... gee, it seems like there's a service that we offer for free that tells people when it's time to hedge or move to cash. [Garrett {NAME}](floridarepublic) Aug 5 floridarepublic   [READ IN APP](   Dear Fellow Expat: You know I have three slipped discs in my lower spine. So, yesterday, I went to Hopkins for an MRI. They had the “fun crew” working. The two specialists asked me if I wanted to listen to music during the MRI. I wasn’t expecting this. I said it would take me 20 minutes to decide what I wanted to listen to… And they said - name a band. They had a Spotify account. But it all came with a stern warning… “Whatever you do… we can’t have you dancing…” the specialist joked. My favorite musicians of all time are Damon Albarn and David Byrne. But I didn’t want to say “Gorillaz” because of the spelling (That’s Albarn’s band post-Blur) So, I went with Byrne’s great band from back in the day: The Talking Heads. And one specialist says: “I got it… The Talking Hats.” Nope, she didn’t “got it.” So I corrected her and entered the MRI machine with these headphones. On comes… [Love → Building on Fire]( I lay there, and I listened to a great song. Then… [Crosseyed and Painless](. It's also a great song. So, I’m not eight minutes in… no worries, just relaxing. And then… oh no… here comes… [Life… During… Wartime…]( This is in my top five songs of all time. [It’s one of the most incredible live performances ever…]( The sheer cardio in this 1983 performance… Well… I’m moving my eyes at first, just following the beat. And then… my hands start to move… And by the second chorus, I might as well be operating a Hula Hoop. I hear a voice in the headphones. “Mister James, you keep moving your hips…” the specialist says. “I’m sorry,” I mutter. “This song just gets into my bones.” From there, I heard the hardest laugh I’ve ever heard in the microphone. She cut off Spotify for the rest of the exam… That’s fair… but here’s where it gets better. Right at the end… when she told me it was over… She turned the music back on… And with that… [Heaven comes on](. So, I’m exiting this machine… and right when you get out of it, you look up to see this bright, sunny, fake sky that they have put on the ceiling (it looks very real). It was like I died… And it was such an incredible 15 seconds… It was a reminder… that all the overreactions you see today in the market… It’ll all be okay. Just listen to music. Don’t fret. Don’t panic. Everything’s f-ing fine. What We Do There’s this thing in copywriting… where my bosses yell at me that my stories about MRI machines probably don’t matter. They want me to focus on what are called the “4 Us.” My writing is supposed to be… urgent… unique… useful… and ultra-specific. Okay. I got No. 2 down. But let’s knock out the rest… On urgent matters: I sent an email on Thursday to Republic Risk readers titled “[Red Across the Board.”]( This selloff isn’t stunning. It’s not a liquidity issue. It’s a stark reaction to the fact that most people think the economy is heading into recession, and interest rates are signaling this. And when members of the Fed say the obvious… believe them. That’s where we are right now. Useful: [Well, I’ve given away our strategy for dealing with negative momentum environments](. I give this away for free. And ultra-specific? There is no other writer in the world who focuses only on the pillars of Momentum, Insider Buying, and Liquidity. It’s what we do and how we urged hedging and cash-building in the last few weeks. So, hangout… I am going to sell put spreads soon on Occidental (OXY), and just enjoy the chaos as we’re flush with cash after the Red signal. [Upgrade to paid]( Here’s another great Talking Heads song to improve your day… It’s a Lumineers cover… [And it’s our wedding song.]( (We somehow started a clap during our dance…) Stay positive, Garrett {NAME} Secretary of Spotify Disclaimer Nothing in this email should be considered personalized financial advice. While we may answer your general customer questions, we are not licensed under securities laws to guide your investment situation. Do not consider any communication between you and Florida Republic employees as financial advice. Under company rules, editors and writers cannot recommend their positions. The communication in this letter is for information and educational purposes unless otherwise strictly worded as a recommendation. Model portfolios are tracked to showcase a variety of academic, fundamental, and technical tools, and insight is provided to help readers gain knowledge and experience. Readers should not trade if they cannot handle a loss and should not trade more than they can afford to lose. There are large amounts of risk in the equity markets. Consider consulting with a professional before making decisions with your money.   [Like]( [Comment]( [Restack](   © 2024 Garrett {NAME} 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()