>> China is set to do well, but it’s not a Buffett buy it and hold it forever rally. Lots of dark clouds are gathering on the horizon for China’s growth.

>> Germany just threw in the towel on resisting QE - which to me is the start of the end of QE

>> Ray Dalio, “Central banks control the markets now” and "The capital markets drive the economy and the PE’s and the risk premiums more than the real economy drives the capital markets.”

>> Equities are on fire as fixed income has gone flat, but the pressure that is building up in the system will be expressed through currency changes.

>> Stay long equities, especially China, until the virus clearly threatens the ability of an economy to function and/or an economy is about to become engulfed in a trade / military war and/or domestic protests threaten investor / business confidence. www.macroESG.com #macroESG

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