1.Recession Risk? ...what about the opposite?
With more and more central banks pivoting to rate cuts, previous headwinds are removed, tailwinds added... and "Resurgence Risk" is now well on the table!
2.Here's how the typical valuation-extreme market peak/trough looks like
Peaks see steady up and sudden stop
Troughs see gradual and then swift declines and just as rapid turnarounds $.SPX(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $.IXIC(.IXIC)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $.DJI(.DJI)$ $GLOBAL X DOW 30® COVERED CALL ETF(DJIA)$
3.Seems like basically once-each-generation both Stocks *and* Bonds experience losses at the same time...
--certainly makes a case for being more thoughtful about diversification efforts (diversify your diversifiers?!) 🤔
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