THE ROLLING BUBBLE FRAMEWORK

Why bubbles are just getting bigger

More than three years ago, I wrote a piece titled A SERIES OF ROLLING MINI-BUBBLES.

Looking it over today, the details make me smile. Back then, hedge fund managers and other fast money folk were sure Trump’s policies would cause small cap stocks to skyrocket. From the piece:

…the market was convinced Trump was about to usher in a new wave of free m…