MoneyWeek

Why it pays to be gloomy

The financial writers are awestruck. This year started out as one of the worst ever for the US economy. But instead of getting worse as everyone (including us!) expected, the year is half gone, and it’s still not looking half bad.

The broad stockmarket has still not recovered from its 2022 sell off. The Dow, now over 34,000, is still more than 1,000

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