Blain’s Morning Porridge Nov 3rd 2025 – Survived October? Back to full on Complacency…

Blain's Morning Porridge · Nov 3, 2025 · 11m

Survived October? Back to full on Complacency…

“The real work is like rugby. Everything is connected. Everyplay has consequences.”

Yet again I was wrong and overly bearish. Markets survived October with barely a shrug. Everything is apparently fine and dandy.. nothing to worry about? Complacency and belief abound. We have been here before…. And what does Rugby tell us about markets?

Before I launch into markets… I have to step back and ask: whatdoes Rugby have to teach us about markets and the world?

It’s all about approach…

Rugby is a metaphor for life. It is fast, it is confusing…