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Here’s A Fun S&P Corrections Flow Chart
Ok, so recently, stocks slipped into a correction. In the U.S. In EM. In Hong Kong. In Germany. Etc. For the S&P, the 10% dip off the late January highs snapped a 499-day streak:
(Goldman)
Anybody remember that? Probably not, even though it was last week.
Thanks to what certainly looks like a change in the narrative in terms of how equity investors are interpreting the first convincing signs of rising inflation pressures, stocks have managed to stage a pretty remarkable bounce a
Heisy, for what it’s worth (nothing), I really don’t like these kinds of articles. They are typical sell-side nonsense, betraying significant cognitive dissonance. On the one hand, the sell-side has done a pretty good job chronicling the unprecedented impact that central bank buying has had across global markets. On the other hand, they publish useless work like this, which is totally irrelevant exactly because central bank activity over the past decade is unprecedented. As a result, there is absolutely no reason whatsoever to look back at history for clues on what the future may hold, because history did not have $15 trillion of bank buying. You can’t have both of these be useful concepts, you can only have one or the other be useful (and we know which one is useful, cause you’ve been banging the table on it).
Just my two cents, brah.
Rudy, the first sentence of your comment is the key sentence here. I’d go with that if I were you.
Fine, you’re right, it was a bit long-winded. I get that when frustrated and feel like my time was wasted.
no, I mean same as usual, people are welcome to criticize.
but when it comes to whether Heisenberg is like other popular bloggers in terms of not being prone to responding, “I’m not that guy.”
lol.
Come on H…..this is unprecedented…so clearly the charts are useless and you aren’t allowed to ponder what happens next.
Because systematic develeraging and increased vol from record lows has anything to do with economic recessions?
Jk. Of course it doesn’t.