Crescat Capital 1Q19 Letter: Dismantling The Bull Case: “Central Banks Do Not Have Your Back”

By Jacob Wolinsky, ValueWalk Crescat Capital letter to investors for the first quarter ended March 31, 2019, titled, “Dismantling The Bull Case.” Dear Investors: The year-to-date rally in global risk assets after the Fed flip appears to us to be a last gasp of speculative mania for the current...