Today's animal spirits is brought to you by composer. Michael, I was looking at the different

symphonies in a composer today and came across one that was interesting. I think this

is interesting in terms of people who back tests. So it's called big tech momentum.

Is there a back test where if you're down to 20%, they just make you whole? Does that exist?

The feds supposed to do that, but they haven't decided to step in recently. So you look

at this and it has annualized return on there and it's almost 30% per year and this goes

back to like the mid 2010s. What it does is it was composer for those unfamiliar

Well, I'm going to explain it after I talk about this symphony here. So the way that this symphony

works is you pick the two tech stocks. They're all big tech stock names. There's like a pool of

eight or ten of them with the best 20 day cumulative return and then it switches based on which

tech stock is doing best. And I like the fact that on composer you can back test any of your

trades you want. It could be individual stocks. It could be. Is that symphony? Is that symphony called

Mr. Carlson's Opus? Not bad. But right now the two best tech stocks with the best 20 day returns

are Facebook. Yes. Which is no way. But the reason I Facebook. It's a group of ten tech stocks.

The reason I like to see these is because this strategy you know as great long term returns

is in the midst of like a 50% drawdown. And so the great part of back test is what's so funny.

You like how I'm cutting you off even during the Adirides? Yeah, of course. Trust me, I used to it.

But the great thing about these back tests is especially looking at them in real time when

bad stuff is happening because it's easy to look at any back test during a bull market. But I think

the great thing about composer is you can look at these back tests now and see what they're performing

in real time in a bad market. I think that can help kind of color your people make changes to

these kind of strategies because of what's going on now and maybe add a few more risk elements,

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