A Self-Described “Permabull” Explains Why He Is Worried
From Mark Cudmore, a former FX trader who writes for Bloomberg.
ZeroHedge.com
Jan 27, 2017
I Fear the Complacency
The market is full of counterintuitive price action. This should erode confidence and equities may see a sharp reversal lower soon.
U.S. stocks hit yet another record yesterday. It seems a weird time to suddenly turn bearish, but I’m overwhelmed by a large sense of concern as I gaze across markets.
Equity investors seem to be in denial of the threat to the global economy from Trump’s proposed protectionist policies, and instead solely concentrated on stimulus we’re not seeing yet
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