An Uneasy, Untenable Calm

Are you still awake? Is this thing on? It's easy enough to fall asleep on markets right now. Given

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6 thoughts on “An Uneasy, Untenable Calm

  1. “The equity market continues to expect the best of both worlds — rate cuts and stable growth.”

    That would be a soft landing. Call me crazy but that, imo, is the scenario Jerome Powell is steering us to.

  2. In the near term, investors might favor big, cash-rich, massively cashflowing companies whose revenues and operations have little/no exposure to the Federal government paying its bills or fully operating. E.g. mega-tech (but not exclusively).

  3. In normal times of stress one would expect a flight to safety, I.e. USTs. But in this case, they aren’t safe and so neither is any bank account. So might as well leave my equities where they are.

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