The MacroTourist

The MacroTourist

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The MacroTourist
The MacroTourist
MAG7 RALLY AT EXPENSE OF EVERYTHING ELSE
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MAG7 RALLY AT EXPENSE OF EVERYTHING ELSE

The 'tourist explores why it's too early to play for mean-reversion going into year-end

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Kevin Muir
Nov 13, 2023
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The MacroTourist
The MacroTourist
MAG7 RALLY AT EXPENSE OF EVERYTHING ELSE
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If you’ve found markets difficult to navigate over the past few months, let me assure you that you’re not alone. Almost everyone I speak to complains about the challenges from volatile intra-market and sub-sector movements. The indices might be well behaved, but they are masking violence within the market.

What do I mean by that?

Look at the year-to-date …

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