Macro fundamentals always prevail over the longer term, but in the short term there has been a substantial flows pivot driven by systematic trading creating a huge squeeze to the upside that has reignited AI flows; the market may stay at elevated levels for weeks or a month or more before flows pivot back to a sell cycle.
causalpending
Speaker
Patrick CeresnaEvidence Quote
“macro fundamentals will prevail...longer term...substantial flows pivot driven by systematic trading...squeeze to the upside...reigniting AI flows”
Source
MacroVoices #530 Daniel Lacalle: China and The Us Will Decide The Outcome of The Iran War— Macro VoicesCreated: 8/12/2026, 6:10:01 PM
My Notes
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