Trap is set – cash

Steen Jacobsen’s recommendations from his Stress Indicators report.

The Marginal Cost of Everything

* Profit both drives and explains stocks
* Rising cost of capital will filter through to profits in autumn
* Ignore rises in capital costs at your peril
* Best advice? Stash your cash and use it later

https://www.tradingfloor.com/documents/4281/steenstress%20indicators.pdf

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