In this special edition of our weekly newsletter, we’re going to outline our more upbeat view on 2023, which remains widely non-consensus and has been our core view since October of last year – see Raoul’s Tweet thread on “October the Bear Market Killer
I absolutely love these short gmi versions. Thank you. For a normie like me to have information like that is just incredible. Gives me so much confident in understanding the current macro environment
Absolutely great and thank you indeed for this short pieces.
Question. Why do you think “higher for longer” isn’t an option (playing out further) ? Giving the fact how robust economy is (how much money is still there) it may take longer. Especially when the FED is so fearful of repeating 70s scenario
Fantastic as always. You mention you don't see the fundamental rot as in 2008. Does that mean that you don't agree with the corporate debt bubble being at the brink o bursting? This could, IMHO, resemble an underlying rot that has parallels to 2008. Would love to hear your thoughts.
I absolutely love these short gmi versions. Thank you. For a normie like me to have information like that is just incredible. Gives me so much confident in understanding the current macro environment
Yes, it is amazing that now the small guy has this leading edge information that all the big investors previously, always had access to !
Thank you Raoul.
Absolutely great and thank you indeed for this short pieces.
Question. Why do you think “higher for longer” isn’t an option (playing out further) ? Giving the fact how robust economy is (how much money is still there) it may take longer. Especially when the FED is so fearful of repeating 70s scenario
What’s the best way for us plebs to track liquidity? Are there any proxies like JPM? That have high correlations?
Raoul, new follower here. Can you give some insights into what makes up the GMI Financial Conditions Index? Many thanks indeed.
The central bank liquidity vs S&P 500 chart is very depressing.
Fantastic as always. You mention you don't see the fundamental rot as in 2008. Does that mean that you don't agree with the corporate debt bubble being at the brink o bursting? This could, IMHO, resemble an underlying rot that has parallels to 2008. Would love to hear your thoughts.