($) This Time is NOT like Covid
It's worse...
This post is for our premium members only. If you are reading this in full, thank you for being an Interconnected Premium member! If you aren’t, I hope you become one by scrolling down and tear down that paywall! 😎
Liberation (or Liquidation) Day is officially behind us. The world has fundamentally changed. The market has crashed.
The most recent global market crash happened at the onset of Covid in 2020. The next major drawdown happened from the Fed rate hikes to combat the Covid-induced inflation. Due to what I can only surmise as a case of recency bias, many people are expecting a similarly fast, V-shaped recovery from both of those moments. This expectation, bordering on hopium, is misguided and destined for disappointment.
Here are 7 reasons why this moment is NOT like Covid – and 1 reason why it is.