How far the great stock blowoff?

Thursday 28 November 2019

Readers will know that we are not a believer in the global recovery narrative driving the great stock blowoff. It is impressive nonetheless as down days all but disappear:

Daily price swings too:

Not to menton the death of vol:

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.