Market dislocations occur when financial markets, operating under stressful conditions, experience large widespread asset mispricing.

Welcome to this week’s edition of “World Out Of Whack” where every Wednesday we take time out of our day to laugh, poke fun at and present to you absurdity in global financial markets in all its glorious insanity.

While we enjoy a good laugh, the truth is that the first step to protecting ourselves from losses is to protect ourselves from ignorance. Think of the “World Out Of Whack” as your double thick armour plated side impact protection system in a financial world littered with drunk drivers.

Selfishly we also know that the biggest (and often the fastest) returns come from asymmetric market moves. But, in order to identify these moves we must first identify where they live.

Occasionally we find opportunities where we can buy (or sell) assets for mere cents on the dollar – because, after all, we are capitalists.

There’s always something new.

Take US presidents. Americans have had old codgers, young bucks, white men, a black man, dark haired, light haired, even red-haired, and now there’s one with a fox’s hair. Nobody is surprised by this and yet they’re surprised by what “the Donald” has done in his first few days in that ugly looking office that is clearly decorated by an avid fan of the antiques road show.

He promised to be a wrecking ball and now that he’s in that ugly-as-sin chair (who decorates that place, really?) he’s actually doing what he promised and people’s jaws are grazing the floor.

This is the consequence of decades of politics.

Recall the story of the boy that cried wolf?

The podium donuts get up there promise warm milk and cookies, bunnies and rainbows, and chickens in every pot; the largely illiterate electorate play their part, liking what they hear, hoping and praying that it won’t be them that has to pay for it all, and deep down not fully expecting all that is promised.

They can’t pin the feeling down so I’ll do it for them. It’s called experience. Recall Trump’s long line of predecessors and the promises they made on the campaign trails? Point proven.

Now, along comes the ginger ninja who promises all manner of things, many outrageous, and in his first few days of office sets to work delivering them. WHOAH!

Today we’ll cover just one: the Trans-Pacific Partnership (TPP), which is now toast.

To be clear, even though I repeatedly stated that Trump would win and pointed out why (here, here, here, and here) this doesn’t make me a Trump supporter. You can play the probabilities of a horse race without having any “favourite horse”. Heck, I carry 3 passports and none are blue.

My job isn’t to opine on what should or shouldn’t happen. Markets don’t give a rat’s furry behind about my opinion (or yours for that matter). My job is to allocate capital according to the best probabilities and continue to profit regardless.