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Finally, a correction?

David Llewellyn-Smith
Monday, 18 March 2024
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The Market Ear on positioning.

If the bull tolerates this, then 6000 will be next

We have sounded a little like a broken record over the past few weeks in terms of our bearish call. Having said that, the perceived bull during this time period has been much stronger that the actual bull. Not so wrong in magnitude of price, but clearly wrong on timing. There is however more and more supportive evidence that the timing to go short is now.

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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.