Good News Is Finally Good News Again.
It’s less than two weeks since financial markets seemed to be teetering on a precipice. Japan had raised interest rates, a complex currency trade had broken down and a disheartening Jobs Report had come out in the U.S., sparking a chain reaction that triggered record-setting volatility levels and the worst stock market crash in decades in Asia which then cascaded around the world, cratering markets in Europe and the U.S., which suffered its worst one-day plunge since early in the COVID panic of 2020.
Many big-name analysts and economists were wetting their pants (yeah, I’m looking at you…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.