I will be away over the next one week or so meeting a few people, so the blog will be taking a short break. That said, I know myself well enough. If I find a quiet moment in an airport lounge, on a train, or somewhere in transit, I will probably end up writing something…

There is no shortage of reasons to be bearish at the moment. We have war, oil heading toward USD90, inflation still hanging around and, just to make things more interesting, the possibility of the Fed hiking rates. The Fed meets September 15–16 which means Friday’s inflation report comes at a pretty interesting time. The market…