When Will the Game Stop
Underlying instability, biased priors and a bogus narrative, convexity kills and the strong cycle limits downside risk
Underlying Instability
We have been urging caution since the President's Gambit effectively ended Republican control of the Senate thereby reintroducing our blue wave ‘buyer’s remorse’ early 2021 equity market correction forecast. When the equity market moved sharply higher following the Georgia Senate elections led by reflation beneficiaries, we charact…