Pressure builds on the bubble

Wednesday 2 August 2023

The MArket Ear on a very stretched bubble.

NASDAQ – can it take “it”?

The US 10 year is back at the magical 4%. Last time rates touched “the” level, NASDAQ sold off briefly, but decided carrying out shorts on a stretcher as we squeezed aggressively higher. Is this time going to be different?

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

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.