Episode 24
Macro & Volatility™ #24: Certain things are true... for now!
Macro & Volatility™ · Josh Silva and Michael Purves
October 6, 202519m 10s
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Show Notes
- Risk-on sentiment is reinforced by accelerated global earnings
- Markets go up... volatility goes up
- The Magnificents’ P/E-to-expected growth is favorable — not true for the Everything Else
- Cross-asset correlations are already historically high — a short hop to “1”
- Gold is expected to move higher, driven by global populist monetary and fiscal stimulus