RINGING THE BELL
You know my views on the disconnect between financial asset pricing based on the crowd's recency bias of
9 min read
Listening or reading anything the legendary Dr Lacy Hunt says and writes reminds me of opening an encyclopaedia of economic history, sitting in a comfy chair in a Barnes & Noble, sipping a coffee from their in-store cafe. (RIP Leonard Riggio, builder of the transformed B&N. Died 27-August 2024 at 83yrs of age).
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Macro
"Reading [data releases] without reflecting is like eating without digesting"
The market rallied on the latest monthly US job data released on Friday. This note aims to put into context
Macro
Volatility pre-empts risk, risk pre-empts opportunity.
(Northern) summer trading can be volatile with lower volume but when investors saw the ISM numbers last week, the Japanese