The Week That Matters (16-20 October, 2023)

A bull market in pessimism (Part 2)?

Markets: This Week is Make or Break

This newsletter published a post at the end of September 2022 which argued that we were experiencing a bull market in pessimism at the time! Stanley Druckenmiller had just claimed that there was a high probability, in his mind, that the market was going to be flat for 10 years, “the kind of market that took place betwe…