I’m starting to think that we might not even have a bear cycle. We just had a mild appetizer of a bull cycle, which will be followed by the main event, fueled by quantitative easing, rate cuts, flooding of liquidity, and sovereign and institutions arms race.

I’m starting to think that we might not even have a bear cycle. We just had a mild appetizer of a bull cycle, which will be followed by the main event, fueled by quantitative easing, rate cuts, flooding of liquidity, and sovereign and institutions arms race.