Welcome to the "5 dimensional markets", as Goldman Sachs macro trader Bobby Molavi calls our current state of being.
September started extremely badly for everyone.
Tech saw a draw down on Ai time to value creation (revenue) being pushed back...
...then the narrowness of the US market (and the narrowness of global equities – roughly 20% of global market cap 5 to 7 US stocks) caused that ‘blip’ to a mini correction...
...that almost as quickly as it arrived, was resolved with some Ai roundtable/fireside chat reassurances, a rate cut/soft landing narrative and a broadening of the equity rally.
