There are times when you have to laugh at the nonsense of it all. From a delusional, fantastical market to a blithering, blathering President, what’s not to like about these summer markets…? Er, how about how some great look back earnings hide the coming reality?

Markets tend towards complacency – especially while there is lots of “stuff” going on… The current noise, much of it Trump generated, is hiding lessons and danger points! How long will markets keep up their positive vibe, blithely ignoring just how much the foundations of the global economy are shifting?

Blain’s Morning Porridge 8th Jan 2025 – Beware rising complacency [...]

Global Markets are somnambulating into the holiday slumber. But, a restful summer does not beckon - everyone fears complacency. Crashes follow a predictable patten – while everyone is looking at the wrong thing, some smart cookie spots the real problem, it happens, the regulators close the loophole, and inevitably it happens all over again somewhere else. What will drive the meltdown this time? Your guess is as good as mine!