The Week That Matters (15-19 July, 2024)

"Only the dead have seen the end of war." Plato

The shorts are next to the longs

This newsletter argued last time that the next few weeks would be tricky. Goldman Sachs seems to agree. The investment bank merely went one step further. It thinks index volatility might be heightened for the rest of the summer.

It was a noisy week, but the dominant concern is growth. A slowing economy has a sting in its …