When Adults Leave the Room
Updated Outlook for Equities, Treasuries, Positioning, the Economy, and More
On June 24th I released my thoughts on equities and the interplay of liquidity and seasonality, concluding that Risk On would persist for several weeks. Today I will revisit the outlook along with a chart collection of things that caught my attention recently.
TACO is Firmly Consensus, but is it Misplaced?
QRA and the Upcoming Treasury Mix
Election Seasonality Revisited
A Very Unusual Rollover Syndrome
Positioning
State of the Economy
Sundry Charts
“Beyond this, the problem is universal. It is that governments are now held responsible for the welfare of the people. The aspirations of the people can outrun their ability to pay for them, and nobody has yet found a way to create answers to the aspirations out of thin air.”
― Adam Smith, The Money Game