The 2023 Market’s Squeezy, Trashy, Inevitable Start to the Year
Update: 2023-02-21
Description
It’s been a funky start to the year, as a dash for trash rally has extended into a not as bad as expected earnings rally, and now it’s easy to be wrongfooted.
We dive into this market, including how markets don't go straight to zero, no matter what December felt like; how recessions take a long time to play out; what we can learn from moves in Twilio and Meta; and why the rise of AI has complicated narratives.
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