It’s A Different Day. Or So We’re Told
Same story, different day was the mantra for the dollar and gold — or at
Same story, different day was the mantra for the dollar and gold — or at
Lord & Taylor filed for Chapter 11 on Sunday in Richmond, Virginia, a stark reminder
As evidence mounts to support the contention that economic activity in the US is leveling
Are 60:40 and risk parity funds “doomed”? It’s a question worth considering in a world
It was nobody’s idea of a “good” day. The worst economic downturn since the Great
Markets are generally resilient in the face of a few lackluster earnings reports and a
There’s no shortage of drama, but the lazy summer lull means the market’s reaction to
The fact that US equities (the S&P in this case) turned positive for the year
“If you don’t think that the mechanical processes that have been worked out over the
“Markets are not behaving in a conventional way, in any historical, traditional or logical metric
“Many investors did not participate in the equity rally”.
Equities’ phoenix-like rise from the ashes of March is increasingly difficult to rationalize.
“Where the prophet of doom sits”.
2020 is not a year during which you can write off indeterminacy using that old adage: “There’s always uncertainty”.
Simply put: The economic, market, and societal cross currents are strong right now.
Market participants are exhausted with COVID-19.
Cue The Shirelles.
“Everyone’s really, really excited”.
Remember: This is a headline-driven market.
“I don’t know where that got started on Wall Street”.
Positioning and low risk of new lockdowns justify a reasonably constructive take.
“…even though we are not halfway through the year yet”.
“Not everything has to be a paradigm shift”.
“It’s more likely retail traders caught in microbubbles getting stopped out”.
If you’re wondering where that falls on the “swan” scale…
At a basic, common sense level, it really is silly.
Famous last words?
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