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If It’s Raining in Brazil, Buy Starbucks by Navarro

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CHAPTER 12LEAD, LAG, OR GET OUT OF THE WAY

To begin this chapter, allow me to repeat an important passage from the introduction to this book:

The Federal Reserve hikes interest rates, consumer confidence falls, war breaks out in the Balkans, drought shrinks the coffee crop in Brazil, oil prices spike sharply in Rotterdam, and the U.S. trade deficit reaches a new record high. Each of these macroeconomic waves—some of them thousands of miles away—will move the U.S. stock market in very different but nonetheless systematic and predictable ways. If you come to fully understand these macrowaves, you will become a better investor or trader—no matter what your style of investing or trading is. That’s the power of macrowave investing, and that’s what ...

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