Policy Uncertainty not being priced in by markets? Albert Edwards, Societe Generale’s resident market bear, or how he describes himself “The Grim Reaper,” seems beside himself in a December 8 report. It’s not his own market bearishness that has him excited – his “ghoulish quest to harvest bad news” is something of a monthly ritual. Sometimes he is correct, other times less so. What is frightening him Thursday is a single chart published by the Soc Gen’s normally upbeat if consensus positive credit team, which he says “is one of the scariest charts I have seen for a very long…
Albert Edwards: This "is one of the scariest charts I have seen for a very long time"
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.