Markets Must Navigate Well Beyond One Bounce: John Authers

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Today’s Points:

• Tuesday’s bounce almost certainly DOESN’T mean the turbulence is over.
• The lows and long-term uptrends have to be tested before that can happen.
• Meanwhile, income strategies, and even office property, have made a comeback.
• A weak dollar seems a good base case between now and the US election.
• AND some thoughts of Enola Gay on the 79th anniversary of its flight over Hiroshima.

Dangerous Waves

The market vocabulary for events like we’ve just witnessed is a tad distasteful. When prices rebound after a big ...