Fear Of Atonement
"There is just 'no bid' in broad US Equities INDEX upside," Nomura's Charlie McElligott said Wednesday.
The all-caps on the word "index" was in the original. The emphasis was meant to draw a distinction between the apparent lack of interest in broad market "crash-up" scenarios versus demand for upside in what Charlie called "the thematic stuff," where that means equities expressions seen benefitting from the economic "boom" thesis in the US.
Perhaps a subtle shift is afoot. McElligott noted th
I wonder if the Covid outbreak in previously untouched Taiwan should be taken as a cautionary tale of what can happen when you a country gets complacent. If it is a preview of what we may experience in the USA, what happens to the consensus assumption that we will see an inflationary economic boom?
It will be educational to see what is going on in Japan – post Olympics, as well.
I am not “young”, but could probably benefit from one more “duration” tutorial…..written at a 6th grade level, if you don’t mind.