Raoul Pal's Take on the World
Real Vision: Finance & Investing
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What Does That Mean for Markets?
Markets are pricing in a full recession, and the growth end te the really growthy stuff is at 39. The markets tend to bottom before the i s m does - if we go back all the way to 19 forty seven it actually bottomed in line. So i ant be extremely bearish equities. But there are other trades that interest me. And i've been buying the growth end of te ase. It's the most discounted. And i think that rates won't be rising. I'm expecting oil to come back into the 80 to 60 dollar range,. which would mean that inflation basically evaporates. If you look again at the last shoe standing on the commodity market,
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