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The Market Ear with the latest on the bear market rally.
Sell low buy high
GS Prime book was sold for the third straight month in October. Main reason is heavy shorting. GS notes: “…the combined net selling from August to October across global equities was the second largest over any three month period in the past 10 years (only Q1 ’22 was larger) and ranks in the 99th percentile.”
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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.
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