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The Market Ear takes a look.
That recession trade is so “last week”
An uneventful start to the week which after last week’s commotion is a welcome reprieve. No news is good news. Seems like that recession bear trade probably had been priced in too much (and it has been going on for a while as well). It will be exciting to see what the next focus of the market will be.
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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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