There are many lessons to be learned in the shortest run ever as a Prime Minister of Great Britain, and I’m sure there will be books written that will take longer to read than Ms. Truss’ tenure. We are going to focus on two immediate lessons that deal with economics and how markets work.
The third quarter ended poorly last week in what has been a very frustrating year for markets. It begins to feel like it will never end; it always seems that way when the market finally hits bottom and starts climbing. Times like this remind us to focus on the fundamentals.