Markets in 3 takeaways:
1/ Last Wednesday, our key idea was that calling peak #inflation is still #premature and therefore that trying to time it would eventually prove a very dangerous game indeed. No comment really...
For those that missed it last week, you can can find the audio in the link below, it sure "listens" well in retrospect...
2/ Until #interestrates, both at central bank and market levels, have not completed their necessary upwards "adjustment", bounces on all risk assets (with the exception of #commodities , needless to say) will remain of the expired panther variety.
3/ The multiplication of #capitulations (moral as well as financial, crucially) across markets (notably the crypto sphere at this very moment) means that the trough for #risk #assets in general and global #equities in particular may actually start to loom on the horizon, BUT we still need to see a few more of those - capitulations... - before calling it a bottom.
Reach out for us for specifics and Stay Tuned !
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