https://x.com/leadlagreport/status/1820930673932165249https://x.com/great_martis/status/1820978364871799141There are 4 major areas of market concerns:
1. Yen carry trade reversal (far from over)
2. Middle East war flare-up
3. AI growth stalling
4. US recession
2 other ones yet to be in the playbook yet but soon:
1. Junk bond credit yield spike (above posts)
2. US political uncertainty
Markets can climb a wall of worry but with this confluence of headwinds, it could be too much of a tall order for markets to get out of the rough.
Why bother confronting the storm ahead?
