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Where have we been, where are we now, and what’s next?
Blain’s Morning Porridge July 1st, 2026
“It’s not the immediate damage, but the unforeseen second and third order consequences that really hurt.”
2026 has been an interesting year thus far. A number of themes including AI, Geopolitics, Debt and Innovation have driven the flow of markets, which have very high upside expectations and few worries about downside risks. I would remind readers of Blain Mantra No 1: “The markets have but one objective: to inflict the maximum amount of pain on the maximum number of participants”. Hey-Ho, and on we go...
It’s the first of July, and we are at the…
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