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Momo

@beaf

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@beaf
Dr. John Hussman (of Hussman funds) put out a new blog in his Market Comment series that is especially dire. To be fair, he's been saying similar since 2021 (and back in 2006), but the quote at top is Jeremy Grantham of GMO fame. Rough stuff https://www.hussmanfunds.com/comment/mc240506/
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Momo
@beaf
Prominent investment managers are starting to pencil in probabilities for rate hikes. Outcomes are divergent, but 25% chance is the pessimistic probability (not to be confused with the fed futures markets, which are notoriously volatile). The Fed has already changed positions once this year, might again.
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