Don't jump the Gun
There are some signals that suggest we are entering in a Recession. However the market is near all time highs. My view has always been that the falling market precipitates the recession and not the opposite. Fortunately we have a tool to tell us what the stock market is going to do. the stock market
yes the stock market is the best predictor of the stock market
Yes it looks a bit circular but there are signs than precede dangerous markets and those are not all present. As Charles Gave of Gave kal says the only thing you have to do is to find out if there are more fools or more money.
To me I still see more money than fools. Usually the marked sells off after the FOMC meeting and that did not happening. Let's give the market a chance. We are in range since jan 2018 perhaps after a difficult period we will get an easy period.
I am in NY and NY is not the world but
terrible traffic
i rented a city bike USD 12 a day and even with a bike i can not circulate in midtown
doesn't look like a recession
Supermarkets don't sell wine!
in restaurants wine is crazy expensive
GAP stores disappeared from midtown. No more toys shops too. Real estate too expensive to sell jeans
NY is different from Europe people have lunch during lunch time meetings. That is a very useful habit.
Full of events after hours with my hedge fund friends from NY.
beautiful city
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