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Hi All. With recent market action in equities and dollar, I have had several questions regarding...messages in support of...and challenges to (shocking, I know)...my outlook.
In order to try and provide some clarity...this thread will need to suffice for now.
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In order to try and provide some clarity...this thread will need to suffice for now.
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Long story short, the fall in Q1 & subsequent rally we've seen in last 3 months in equities is NOT due to the core part of my thesis. It IS part of "moments of great terror & disbelief along the way" part of thesis...but not how I envision equities moving to all time highs.
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Right now seeing reflation of GLOBAL equities & risk assets due to CB support & easing of $ liquidity.
The core of Milkshake Theory relates to US equities rising while ROW remains under pressure due to $ liquidity falling. So while this isn't surprising, it also isn't IT.
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The core of Milkshake Theory relates to US equities rising while ROW remains under pressure due to $ liquidity falling. So while this isn't surprising, it also isn't IT.
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