Topley’s Top Ten – March 22, 2017

1.The Conundrum of Tech Today…Compare Yesterday’s First Few Bullets to Below Chart….The Overvaluation is Very Concentrated Within Sector.

Source: Credit Suisse

2.Venture Funds Building War Chests for International Investments.

Venture firm Sequoia is building a $12 billion war chest after SoftBank raises stakes

  • Sequoia is raising about $12 billion for several funds focusing on both global opportunities and start-ups in U.S., China and India.
  • The minimum investment for the global growth fund is $250 million, sources tell CNBC.
  • Sequoia is known for early investments in companies including Google, LinkedIn, WhatsApp and Dropbox.

Ari Levy | @levynews

China’s growing tech scene

Sequoia is poised to notch a big win this week when Dropbox debuts on the Nasdaq. Sequoia led the software company’s seed round in 2007 and currently owns $1.5 billion worth of its stock, based on the middle of the expected price range. That number could swing wildly once Dropbox starts trading and, as an insider, Sequoia is forbidden from selling any shares for six months.

While Dropbox follows a long string of U.S. hits, Sequoia has become an equally powerful force in China, backing logistics company ZTO Express, drone-maker DJI and bike-sharing start-up Mobike. The China team is led by Neil Shen, who’s worth over $1 billion according to Forbes. Unlike in the U.S., where multiple Sequoia partners call the shots, one source said Shen is the “whole shebang” in China, with a big team working for him.

Remember Emerging Markets Don’t Look Anything Like Past History……Tech is Almost 30% of EEM.

3.What Does EEM Look Like Vs. Guggenheim Frontier Market ETF –FRN

Frontier ETF-40% Financials


United States #2 Country Weighting????


From Nasdaq Dorsey Wright.

 4.The Big Question is How Bonds Will Act in Next Equity Downturn…Right Now the Technicals Broad Bond Indexes.

AGG Bond ETF…We showed the 50day crossing below 200day at end of Feb.

Broader Point and Figure Chart Shows Thru 2015-2017

5.Five-Year Net Shorts Max?  Contra Trade Coming???

The Macro Tourist


2018-03-21 5pm EDT  |  #EUR #bonds #consensus #Sam Gruen

 From Tadas Viskanta at Abnormal Returns Blog

6. Rates and Bonds Watch is About Employment…Good Chart Unemployment Rate vs. Wage Growth….We have Talked About 4% Number Before.

From Haverford Trust

7.Even Warren Buffet Has Huge Drawdown Years.

That’s even true for Berkshire Hathaway stock. Despite its large gains for long-term shareholders, the company has seen several spans of time during which Berkshire performed terribly on an absolute basis. Some of the worst periods include the following:

Period Loss in Berkshire Stock
March 1973 to January 1975 59.1%
Oct. 2-27, 1987 37.1%
June 1998 to March 2000 48.9%
Sept. 2008 to March 2009 50.7%

Data source: Berkshire Hathaway 2017 annual letter to shareholders.

8.Two Factors Changed Bitcoin Forever…..The Futures Created Ability to Short and Government Regulation that is Just Starting.

Bitcoin Falls on Fears of Regulatory Trouble for Big Crypto Exchange

Yuki Hagiwara
and Yuji Nakamura

March 22, 2018, 5:56 AM EDT Updated on March 22, 2018, 7:08 AM EDT

Bitcoin fell after one of the world’s largest cryptocurrency exchanges was said to face a government rebuke for operating without a license in Japan, heightening concern that increased regulatory scrutiny will curb demand for digital assets.

Japan’s Financial Services Agency is planning to tell Binance, the trading venue founded by Zhao Changpeng, to stop operating in the country without official approval, a person familiar with the matter said. Binance has several staff in Japan and has been expanding without receiving permission, the person said.

Bitcoin erased gains after Nikkei first reported the FSA’s plans, and the cryptocurrency was trading 2.2 percent lower at $8,700.85 as of 10:33 a.m. in London. Rival coins including Ether and Ripple also dropped.

1 Day Chart from Coinbase.

9.80% of the World’s Almonds Produced in Cali

10.Earn More When You Adopt These 7 Habits of Successful Entrepreneurs

As an entrepreneur, you’re always on the lookout for the next big moneymaker. But what if I told you that the wealth that you strive for is already at your fingertips? You are your own best asset because by learning how to become your most effective self, you will maximize your earning potential and realize your dreams of entrepreneurship.

In fact, you can earn more if you adopt the 7 habits of successful online entrepreneurs I have listed below:

  1. 1.A Mindset Geared Toward Success

Successful entrepreneurs have a mindset geared towards success! In fact, they must have unique qualities in order not just to survive, but to thrive! Entrepreneurs have an optimistic spirit and know that things will turn out for the best in the long run. They are determined to succeed despite all the odds that are stacked against them. Nay-sayers? No problem, they brush away negative comments with a shrug and press forward in their quest to succeed. Finally, they don’t accept a “no”; in fact, they interpret “no” as a “not right now,” and revisit the topic later.

  1. 2.Fearlessness

Entrepreneurs have a fearlessness when it comes to taking calculated risks. Don’t take that to mean that they are blind to the consequences! They know the adage “nothing ventured, nothing gained,” and accept the responsibility for making things right for themselves and their teams. When others fear trying new things, failing, or being embarrassed, successful entrepreneurs are researching the fearful situation, developing a game plan, and jumping in to take advantage of the opportunity.

“Curiosity will conquer fear even more than bravery will.” – James Stephens

  1. 3.Great Time Management

Successful entrepreneurs have great time management skills. They know that their business is viable only if they respond to customers in a timely manner. They can juggle that responsibility with marketing, accounting functions, and operations work, and never drop a ball! They schedule their time wisely and include slots for phone calls, prospecting, servicing clients, and performing day to day tasks with a very exact plan for each day. Every minute counts!

Indeed, they work long hours that stretch from breakfast meetings to business after hours events. This attention to time management keeps them on task and productive. Inevitably, this helps them earn more money.

  1. 4.Use the Tools of the Trade

Successful entrepreneurs know how to harness technology to simplify their lives and aid them in time management. They keep on trend with the latest technological advances and take advantage of them to their full advantage. From iPhones to keep them in touch and upload quick photos to social media, to websites equipped with tools to help them manage their customers, to smart watches to keep them running on time, successful entrepreneurs use all the tools of the trade!

  1. 5.Ongoing Learning is a Priority

Successful entrepreneurs know that ongoing learning is a priority that goes hand in hand with running their own businesses. The world today is changing more rapidly than ever. Think about it. Our parents grew up in homes with kitchen telephones mounted on the wall and computers were something that only NASA used. Now, we hold tiny telephone/computer combos in the palm of our hands. We have instant access to ever-changing data on a moment’s notice.

All this advancement comes, however, with a cost. That cost is the price of remaining on top of all these tools, new advancements, and changing information.  A great example of this is Facebook with their ever-evolving algorithms, without keeping abreast of how to make your social media compete, it becomes irrelevant noise. Successful entrepreneurs are always mastering new skills, technologies, and ideas to help them propel their businesses up to the next level.

“It’s what you learn after you know it all that counts.” – John Wooden

  1. 6.Mastery of Face to Face Networking

While social media and the internet are all great tools, they are trumped by establishing human relationships. Successful entrepreneurs are masters of face to face networking. You’ll find them attending trade shows, conferences, chamber of commerce meetings, and social events. They will strike up a conversation with strangers at a pub or gathering. When other people fear putting themselves out there, the greatest entrepreneur will often be the first one to introduce themselves. For this is where they build the human relationships that drive the business.

  1. 7Resilience

Despite being optimistic and fearless, successful entrepreneurs know firsthand that there are times when they will, figuratively speaking, get knocked down. People will put down their ideas, and competitors will steal their customers or products. Even family members may doubt when the next “payday” is coming.

Even when faced with serious obstacles, money woes, and defeats, these fearless entrepreneurs will bounce back. Oftentimes, this happens over and over again. Yet, they will still plow forward, undaunted by the challenges they encounter. This never give up attitude is what truly sets entrepreneurs apart from the crowd.

The next time you are wondering why other entrepreneurs are more successful than you, look within yourself. All of these qualities are disciplines that are attainable with an adjustment of mindset and attitude. Once you accept the challenge of these disciplines, you’ll see stunning results. In fact, you will quickly see that you can earn more when you adopt the 7 habits of successful online entrepreneurs.

Which one of these 7 habits will you implement this year in your life? Let us know below!

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