Hell Or High Water.
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
“…frustration gave way to incredulity and, eventually, incredulity surrendered to a kind of fatalism”.
This makes the market especially “vulnerable” to good news.
Normally, the market would have pulled back by now.
“I will caveat that although I am certain of the denouement, it is possible its date is vastly longer than my career”.
“Be careful up here”.
A familiar tale, but one worth (briefly) retelling…
“My bet is that Dalio’s Bridgewater is far from bearish on stocks.”
“Classic ‘stability breeding instability'”.
The market zeitgeist is largely unchanged.
Of course, waxing hyperbolic/hysteric is something different from warning that something is possible.
Eye candy for the congregation.
Still cool.
It’s the damndest thing.Â
Obviously, the macro narrative is a train wreck, but…
“…at least optically.”
Around the world and back again.
Here’s a quick primer on the key debates and discussions.
“All of this does this”…
At this juncture, it’s probably just a matter of what “breaks” first in the “everything rally”.
…and a crypto zinger, for good measure.
“It all comes down to the renewed ‘Carry is King’ worldview in light of central banks being scared of their own shadows.”
“I continue to believe the largest catalyst for last week’s front-end inversion spasm was the market’s realization that”…
“Cross-asset performance YTD has had a distinct ‘Goldilocks’ flavor, with equities and bonds rallying together.”
Fresh off Tuesday’s sweeping assessment…
Around the cross asset universe in 1,000 words.
“That’s a brand name”.
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