Stock markets not done selling

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JPM with the note. Assuredly, stock markets are not the economy but they are a discounting mechanism and what everybody may be missing is that they may, in fact, be pricing for the six shocks rocking Europe (war and energy), China (OMICRON and property), and in the US the Fed. There’s a lot more going on here than just the last.

You might want to sit down for this…

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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.