Markets waiting for the trend to show up

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From the Market Ear:

SPX unchanged since mid December…

SPX and tightening cycles

Some market poetry via DB’s great Kocic:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.