News Snapshot:
Frankly, it still sounds kooky to Chanticleer, but Dalio has a point when he argues “it is difficult to imagine that either side will accept losing (November’s election) and subjugate themselves to the policies and values of the other side”. The problem for investors is two-fold. First, the events of 2023, when most pundits’ prognostications proved horribly wrong – mortgage cliff, US recession, energy crisis in Europe, sticky inflation, subdued tech valuations, widespread banking contagion after the Silicon Valley bank collapse – show us how fallible predictions are, even short-term ones. . Second, is it realistic to try to manage...
