Weekly missive: Macro on bounce backs plus new heatmap, adding Hipgnosis to my buy list and Morgan Stanley gets psychedelic

Another short weekly missive for mid summer. We’re now on our fifth bear market bounce back. Also why the Hipgnosis discount allays my fears and H2 may be kinder to diversified portfolios

Poll Update

A couple of weeks ago I tested out my first poll of readers. Its a new feature on SubStack, so I was excited to try it out. The responses to the first question were fairly balanced with a majority reckoning that the S&P 500 will end the year below the point a couple of weeks ago. More interesting is the move to INCREASE exposure to UK equitie…