But for those interested in trying to “DO SOMETHING” (as opposed to just kicking back and being “actively” passive)…
Is it a replica of a tulip bubble?
“Restocking.” Figuratively and literally.
You wouldn’t know it from looking at any market-based measures of volatility, but 2017 was a hugely consequential year. I assume that goes without saying.
But the survey wasn’t all rainbows and sunshine.
Ok, we’re going to talk about China again because as we noted on Friday, you really should be watching the situation over there closely.
“The prevailing wisdom is that there are two great housing bubbles out there today”…
Whether or not this bounce is sustainable and more broadly, whether Friday marks a turning point for sentiment which was rapidly deteriorating will help determine whether global risk assets are able to rally into year-end.
Investors don’t care.
“Today’s turmoil in the region’s tech stocks was sparked by the sell-off in their peers on Wall Street last night.”
“Felix, you had me at hello”…
Well, if you take your cues from China, it was an inauspicious start to the week.
“Luck, prosperity, and wealth.”
“…this is very bad news for the stock market.”
If U.S. shares needed an excuse to rally, they’ve got it.