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Bear markets happen more often than
many realize, and most people will have to navigate multiple
severe downturns during their investing years
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00:01 - 05/03/26
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dollar lost 53% of its purchasing power over the
past 30 years.
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BNP's US equity positioning
indicator has seen a rather large wipe-out of positioning.
We never quite got to capitulation territory, but certainly
a defensive low
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Traffic at the Strait of
Hormuz has dropped to 0, per BBG.
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Just a gentle reminder that the
stock market doesn't care much about your politics
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