Take your pick: Triple-witching quarterly expiry, shenanigans in the repo markets, mounting geopolitical tensions — those are all factors weighing on the mind of Kevin Muir, strategist at Toronto-based East West Investment Management.
He said the world should follow the U.S.’s lead and implement fiscal stimulus and stop relying on monetary madness. “But our job is not to decide what should be, but calculate what is,” he wrote. “And with the Fed so tight relative to the rest of the world, eventually it causes problems. Big ones.” “I am not turning into one of those the end-of-the-world-is-upon-us bears. Yet I think the time to be heavily long is past,” he said. “The next 5%-10% in the stock market is more likely to be down than higher.”
🙄 Go ahead and press that sell button. I double dog dare y’all!
Really like this chart. Thanks
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