The banking crisis is shifting rapidly and it’s fluid due to the complex and interconnected global financial system. This update will likely outdate itself by this weekend or next week as the drama unfolds. I began this series by penning a summary of what occurred...
If anything, markets are driven by emotions and cycles. Up and down trends to become irrational, at the end of the cycle. Take commodities as an example, the sell off in recent years has become quite irrational. The chart says it all: note the slope of the downtrend,...