And this is why I am returning capital. Markets have now become a political choice. US markets are essentially a bet on the Fed unable to raise rates, and congress unable to regulate big tech or raise corporate tax rates. Commodity markets have now become a bet on Chinese policy objectives, and currencies have become a bet on what Chinese policy objectives are too. https://www.zerohedge.com/markets/worlds-most-bearish-hedge-fund-shuts-down-here-farewell-letter?utm_source=&utm_medium=email&utm_campaign=270
And this is why I am returning capital. Markets have now become a political choice. US markets are essentially a bet on the Fed unable to raise rates, and congress unable to regulate big tech or raise corporate tax rates. Commodity markets have now become a bet on Chinese policy objectives, and currencies have become a bet on what Chinese policy objectives are too. https://www.zerohedge.com/markets/worlds-most-bearish-hedge-fund-shuts-down-here-farewell-letter?utm_source=&utm_medium=email&utm_campaign=270
WWW.ZEROHEDGE.COM
World's Most Bearish Hedge Fund Shuts Down: Here Is Russell Clark's Farewell Letter
"...years of turbulent markets and the increasing influence of politics rather than economics on the markets... the best way forward is... to wind up the fund and return capital."
Like
1
0 Comments 0 Shares 1307 Views