The market was frothy and everyone knew it. We just didn’t know where. However, when you look at the carnage in crypto, in stocks, in bonds, and commodities there is nowhere to hide from it. By the way, neither gold nor bitcoin is an inflation hedge. Otherwise, they’d be rallying.
Don’t look to corporations for leadership. They have gone soft and a large percentage of them embraced being “woke”. Woke people can’t lead. All they do is complain and shout and stamp their feet. Companies that are focused on equity and ESG aren’t going to make shareholders money since shareholders are taking a backseat. In some companies they don’t get the backseat, they get put in the trailer.
Read more here: https://jeffreycarter.substack.com/p/the-daily-stock-market-crash?justPublished=true
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