Monday Macro: reasons to be cheerful, tech disruption timescales and Vietnam
Just a reminder that there is no Investment Ideas note on Wednesday and a shorter Further reading letter on Friday. I’m off next week (the first week of July). Normal service resumes July 10th.
Regulars will know that I have been, and remain, supportive of the bear’s argument when it comes to equity markets and especially US equities.
I did think we would get a recession (we haven’t so far) but I now think that that recession has merely been delayed.
I did think that the S&P 500 would bottom out at around 3400/3500 – it didn’t and actually bot…
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