SPXU - Crescat Capital: China Is Already In Recession Get Ready For The Implosion
Market update from Crescat Capital's latest email to investors.
Dear Investors:
There is indeed a business cycle, and timing it ahead of key inflection points is key to successful long-term investing. Based on our analysis, we are heading into a bear market in 2019 that will coincide with the start of a global recession that will not be officially acknowledged until well after it began. For the following reasons, we believe September of 2018 marked the essential peak of the US stock market for the current economic cycle:
- In 2018, the US stock