What a Long Strange Trip it's Been with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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The Stock Market Will Bottom Before We Know That We're in a Session
The S&P 500 is down 14 and a half percent on the year. It was down 25% at its lows. The NASDAQ is down 26%. We know that the average stock is down a lot more than that. And so I guess the point that I would make is that at some point, let's just say that this 15, 16% rally has got a lot of investors off sides for what's going to come next. If it's kind of discounting at that point, a narrow recession, an economic, let's call it malaise for 2023. "I think before we know that we were either in it or we're about to go in it,"
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