Lack Of Fear Signifies Stock Bottom May Not Be In

Authored by Simon White, Bloomberg macro strategist,

Many of the markers of selling exhaustion that appear when stocks are at a bottom have been absent so far. With the market and the economy at a critical moment of heightened uncertainty, that leaves a wide distribution of possible outcomes.

Absence of evidence can sometimes mean evidence of absence. When Sherlock Holmes solved the disappearance of a famous race horse,