[newsletterchapter2 title=”GENERAL MARKET COMMENTS”] Global Equity Markets have been in a serious “Stall.” The Liquidity Gestalt is, more or less, over but investors have the habit of relying on its’ rationale for bullish bets. The 8/25ish node, more or less, stopped the upside momentum.
The Correction from there has been modest enough to allow for differing Interim contexts. Is recent weakness another quasi “Buy the Dip” or are we in a slower motion decline which could typically last into October?
This weeks’ notable node of uncertainty influenced the market but was perhaps discounted. A new trade of note may be the Reversal and Rally in the Energy area.