Iran, Oil, And Unemployment Could Kickoff Bear Market

Global M2 money supply has likely peaked, materially raising the odds of a broad bear market as waning liquidity and rising oil prices drain capital from risk assets. Absent rapid central-bank intervention or fiscal stimulus, expect increased risk-off positioning and meaningful downside pressure across equity and risk markets.

Analysis

Global M2 money supply has likely peaked, materially raising the odds of a broad bear market as waning liquidity and rising oil prices drain capital from risk assets. Absent rapid central-bank intervention or fiscal stimulus, expect increased risk-off positioning and meaningful downside pressure across equity and risk markets.