Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
Last month, the Rabid Capitalist described the market action during the first month of the year as a typical example of the January Effect. I warned readers that the market remained susceptible to event risk, including credit crises from the banking sector, geopolitical conflicts, inflation and disappointing Federal Reserve monetary policy. Loan losses, inflation fears and a military conflict with Iran plagued the calendar in February, derailing the market rallies and stressing asset valuation.
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