October 19, 2020

Volatility Report 10/19/20

As an observer of the markets and the economy, I know there are no absolutes, but every good idea has its time. Back 40 years ago neo-liberal economic theory was right for its time and was accompanied by a rising tide of socio-cultural optimism. Today that era has come to an end and it can now be truly called “voodoo economics” and will be corrected over the next 40 years.

What goes hand and hand with that  Macro change is the market in the time window to revisit and finish correcting the problems and issues left unresolved in the first quarter downturn. Remember the “shortest bear market in history?”

When the market made its low on March 23,

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