Monday Macro – are we there yet, why we might be nearing a trough and watch Japan

Slightly reduced service again this week but we’re still asking how much further markets have to fall plus why its really worth watching Japanese equities

Photo by Oziel Gómez on Unsplash

Are we there yet part 1?

My default position is that we are probably not in the early innings of a massive bear market depression but mid way through a more typical bear market sell-off. If I was to vigorously wave my finger in the air I’d stick with the view that we are closer to the trough than we were and that probably,…