A Turbulent November market puts the onus back on the bulls to show resilience.
Indexes tentatively bouncing off support after disgorging two months of gains, purging some froth, and resetting sentiment.
Another week when ‘it could’ve been worse’ passes for a victory cry on Wall Street, as traders navigate mini crashes rolling through perceived AI exposed sectors and investors try to draw nourishment from relative returns.
With market participants focused on whether we are in a stock market bubble, another bubble is developing and commanding relatively less attention: a bubble in the public indebtedness of the U.S.
The pandemic is only one of several potential society-threatening extreme events identified in the book 7 Deadly Scenarios, written by Andrew Krepinevich.