Quite a morning already in financial markets.
Based on the 4-item risk factor framework I've been discussing with you for weeks, here's where we stand as of now
The What: Another risk off session for stocks and other risk assets.
1/
The Why: Growth concerns are compounding the unsettling effects of inflation and liquidity worries.
The So What: The continued large wealth destruction is starting to trigger spreading market-functioning worries as those keeping an eye on volatile and gapping US government...
2/
... bonds explore the possible linkages to what's happening in the crypto space,
.@WarrenBuffet on
Why he's not buying stocks in size: sensitivity to tail events and the '08 reminder "we don't see all the problems the first day."
On whether others should buy now: Only if you expect to hold for a long time and are financially and psychologically ready to do so
@warrenbuffet .@WarrenBuffett repeated what Charlie Munger told the @WSJ earlier on why #BerkshireHathaway didn't repeat the 2008-09 experience of lending to stressed companies:
"We haven't seen anything attractive," especially after the #Fed quickly opened the #markets for companies to borrow