Director of Global Macro, Jurrien Timmer is back on the program to provide his weekly thoughts and insights on the markets and give his breakdown of key macro themes. Jurrien states that just because the S&P broke a downtrend line, it doesn’t necessarily mean that a new uptrend is in place. Basically, this doesn’t tell us anything about whether the next bull market is underway. Jurrien says his outlook for 2023 so far is that the market will continue its post-COVID price discovery journey in a choppy, sideways fashion that will frustrate both bulls and bears alike. In this episode, Jurrien also discusses other topics including quantitative tightening, the debt ceiling and emerging markets.
Recorded on January 30, 2023.
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