In the days leading up to the US election, markets seemed to be pricing in (1) uncertainty that would drag on after a contested presidential election and/or (2) a “blue wave” that would bring forward a Democratic agenda. This pricing was reflected in…
Strange bedfellows: angry voters and market highs. It might seem odd, in the midst of the rampant bullishness engulfing markets since the election—and further stoked by Pres. Trump’s enthusiastically received congressional speech this week—to bring up the topic of social malaise. However, since Evergreen investment team members are congenital contrarians, we will do exactly that in this issue of the Gavekal EVA.
“People willing to trade their freedom for temporary security deserve neither and will lose both.”
Hello darkness my old friend, I’ve come to talk with you again… The famous first line of the 1964 hit by Simon and Garfunkel The Sound of Silence feels relevant this morning.
“We are of different opinions at different hours, but we always may be said to be at heart on the side of truth.”
– Ralph Waldo Emerson
This week’s EVA features two recent pieces: Is Wall Street in a Bear Market?