One Trader’s “Ultimate Guide To Navigating The Equity Markets”

This remains a market in which traders are, for lack of a better word, “confused” (another good word is “paralyzed” as we observed one month ago).
For the latest confirmation of this, look no further than Bloomberg’s macro commentator (and former hedge fund manager) Richard Breslow, who in his latest macro note admits that “truth be told, there are very few of us who know what’s going on with the equities markets.” The other problem is that despite all the “fundamental analysis, valuations, metrics and the like” by financial professionals, the market appears to move in jagged discontinuities, with little logic or rationale, immune to the best financial “hot takes.”
Inevitably, Breslow writes, “the market doesn’t carry through as promised and it’s inevitably made clear that it has nothing to do with that day’s investing thesis but some nefarious and exogenous influence.”

This post was published at Zero Hedge on Aug 30, 2017.