5 Idea Friday: China trade; Small cap productivity; It's getting weird out there; No more Mr. Lender Nice Guy; Clearing VC Backlog

A feast for thought, heading into the weekend

• China trade redirect

• A fundamental rotation and of small cap productivity

• A very un-fundamental rotation towards regime change (but of what regime)

• No More Mr. Nice Real Estate Lender Guy (and that’s good, maybe)

• Clearing the VC backlog (and that’s good, too)