Feasting on the Trump TACO

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The Market Ear with a May cleanup.


Marvelous May

We just completed the single best month of May for stocks in the last 35 years. As we have highlighted over and over again during the past few weeks, sentiment and positioning have been very light, which of course has helped the rally. However, now the anti-depressant drugs seem to really have kicked in for hedge fund managers… Here are 10 charts on some real pockets of exuberance.

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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.