A Good Bottle Of Scotch Would Be Nice: Making Sense Of Market Nonsense

Well, this is just a goddamn mess. It seems like everything has its own discrete narrative these days which makes it virtually impossible to summarize - let alone analyze - the overarching story. You'll see a lot of commentary that reads like it's lifted from the last scene of The Usual Suspects. That is: "it all makes sense if you step back and look at it." Only it doesn't. Sure, every asset class is always going to be driven at least in part by idiosyncratic factors and, relatedly, by a