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Jesse Felder
jessefelder.com
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‘When margin calls hit, that capital becomes impaired and rarely comes back. For the bull market to regain new highs, this impaired capital has to somehow be replaced with new capital and a fresh narrative - a repair process that takes a long time, if at all.‘ https://www.fidenzamacro.com/p/july-2026-a-turning-point-in-the?utm_source=post-email-title&publication_id=907352&post_id=209062197&utm_campaign=email-post-title&isFreemail=false&r=1nrqx&triedRedirect=true&utm_medium=email
2026-07-30T16:52:44.871Z