The bubble bursts

Thursday 18 July 2024

Goldman with the rub.

July 17th (today) is here and typically marks the end of summer BBQ / pool /pirate themed party, for the S&P 500 since 1928.

The S&P has hit 38 new all-time highs, on pace for the 2nd most closing highs in ~100 years, only 1995 is shaping up to be stronger

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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.