Goldman Sachs on stocks:
"Equity correction risk remains elevated in the near term, but we continue to think bear market risk remains limited. While geopolitical shocks and their market impact are difficult to time, we think equities have not priced in enough risk premium for the risk of a more lasting shock - based on the disruptions so far our economists have already reflected a worsening growth/inflation mix and raised their recession probability."
New York is such a divisive city, but I think I’ve figured out why I enjoy it so much.
Every time I’m here I see a dozen things in a single day that I would never see anywhere else.
This morning alone: a cyclist not paying attention ran into the back of a cop car, a guy yelling into three phones at once, steam pouring out of chimney stacks (?) in the streets, and someone casually moving a couch down the sidewalk at 830am.
The city just has chaos to it and I really love that.