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When will the bear market end?

July 4, 2022 - 11:00 -- Admin

Michael Hartnett at BofA leads us off: Tale of the Tape: in‘22 commodities on course for best year since 1946(Chart 3), govt bonds worst year since 1865(Chart 2), S&P500 (real terms–Chart 4) worst since 1872. The Price is Right: in Q2’22 commodity gains moderated (8.4% vs 35.0% in Q1)…”inflation shock”consensus, big gains in US$ (6.9%),

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