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Black Monday 1987, the market was down 22%. This is nothing. Analysts have been calling for recession for the last 10 years, yet the government continues to print more money.

Never go short in a money printing environment.

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Great commentary Alf. Agree that the macro data is still relatively healthy and it’s too early to be calling for a recession. The unwind Friday/today seems to be technical driven and nothing more.

Love your pods, btw. Check out my Substack if you have a chance.

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Very interesting Alfonso! I am curious to see the resolute if the Fed were to cut rates with speed and intensity. What could happen? We'll see some good ones!

Ps: Sto provando a contattarti, sia qui che su LinkedIn (ti ho scritto in privato). Vorrei avere la possibilità di parlarti! A presto e continua così! Sei forte!

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Nothing, its just life :)

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RemovedAug 10
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I’m not familiar who he is, but sounds like he got a point.

Then again, life can be far superior or worse we could imagine. Extremes may occur.

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