Fast forward stock cycle intensifies

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Since COVID, it has been clear that stock market cycles have dramatically accelerated (in truth before that as liquidity drives speed). 

Each twitch in the underlying global economy is traded on high-octane moves that exaggerate minor moves in the underlying economy. 

Right now, we have a broadening global stock cycle on the thesis that global PMIs will lift after central bank easing plus Chinese and European stimulus. 

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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.