Mohsen Fahmi 是一位杰出的全球宏观交易者。这是他退休时候的一段感言。感谢在美国的师弟给我推荐这句话，借花献佛送给所有的圈友，祝福大家2022幸福快乐。

1. We have been taught to never fight the Fed, but arguably a more important adage is not to fight the tape. Many times the two adages are one and the same, but there are times when other drivers are more important than the Fed, be it politics, geopolitics, fiscal policy or whatever, but whatever the key macro driver is at any moment in time it will manifest itself in the price action and one has to be respectful of the “ tape “

2. Macro is all about gaps and discrepancies between where we are and where we should be and figuring out the path of least resistance to get us from here to there. Sometimes that path is a simple interest rate cut or hike, sometimes i