Draw your own conclusions.
Who’s a dip-buyer?
Just buy the dip, Jerry. Everyone’s buying the dip.
“In the last week of January, as equities went on yet another run, a client who had been waiting to buy the dip called us with an exasperated query.”
“…is arguably the most interventionist, militarist, confrontationist and bellicose national security team ever assembled by a sitting President.”
“…volatility across various asset classes can be at times highly correlated and hence the extraordinary growth of short volatility strategies might create risks.”
Handle with care.
Then they went skiing.
End of story.
This is a particularly touchy subject under normal circumstances and this week is not a week that falls in the “normal circumstances” category, which means this debate is even more contentious than it usually is.
In that same kind of way where that festering hornets’ nest in your garage isn’t a problem anymore…
Needless to say, it’s probably prudent to reserve judgement on whether we’re out of the proverbial woods…
All’s well that ends well in Japan after a six-day slide. Or maybe not.
“It could happen tomorrow given the extreme expense of US equities and the near universal consensus of a continued acceleration in the economic cycle despite the Fed also in the midst of a tightening cycle.”