No, it’s not the bottom yet

Tuesday, 24 March 2020

It’s an equal mix of delight and boredom that greets the daily feed of fund manager calls that the market has bottomed. Reading LiveWire is particularly amusing.

There are more calls today that with the Fed’s new QE infinity we’ve reached the turning point. I remain very skeptical that that is the case. Why?

Three reasons.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.