Maybe the Macro Tourist is Right

This morning Kevin the Macro Tourist tweeted…

I figured, it’s too good. Too perfect a sell the news event. Friday the 13th and all.

But then came this and it made my blood run cold because it is not a joke. Click the headline below and get the article with a man actually saying this…

Rupkey says investors piling into stocks will be armed with a 2020 outlook that “looks better than it has in months,” as he thinks the U.S. manufacturing recession possibly closer to ending that beginning. Equally, he thinks the world economic outlook looks good for next year and beyond.

“Take risk off the table as a concern to be hedged. There is no risk,” he writes. “Bet on it.”

I’ll say one thing, the guy’s either got a lot of balls or no brain (actually, the two can go hand in hand). I’ll say another thing; the time to be getting bullish was last summer amid all the trade war drama, not today amid headlines like this.

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