Summary
Akhil Patel provides a brief market update noting the mid-June low and a weak bounce, and announces that he has completed his forthcoming book “The Secret Wealth Advantage” (to be published by Harriman House). He emphasizes that current market turbulence is a mid-cycle sell-off driven by liquidity, not a cycle-ending crash.
Key Claims
- June 22 seasonal date produced a weak bounce — risk of further new lows later in the week/next week
- FTSE holding up better than US and Australian markets — bullish setup for remainder of cycle if old highs hold
- Current sell-off is a liquidity-driven panic (forced selling of quality assets), not a cycle-ending crash
- House prices still rising — bank balance sheets are fine; no grand overbuilding yet seen
- Crypto and tech may get “quite ugly” but this is different from end-of-cycle conditions
- Akhil’s forthcoming book: “The Secret Wealth Advantage: How You Can Profit from the Economy’s Hidden Cycle” — publisher: Harriman House, expected publication 2023
- Book provides a practical guide to navigating all phases of the 18-year cycle, illustrated with historical episodes from 33 AD Rome to the present