The Kolanovic Factor

The Kolanovic Factor

Whenever consensus turns even a semblance of cautious on equities and risk assets more generally, financial news portals tend to suggest "it's fashionable to be bearish," the implication being that bearish banter isn't always fashionable. But it is. Bearish market commentary is never out of fashion. Fear sells, after all. There's a difference between, one one hand, perennially bullish company analysts and top-down strategists whose year-end targets for equity benchmarks almost always suggest g
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