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Cory’s Chart Corner
Many will focus the blame of market drawdowns on the tariffs and ignore the fact the SP500 (only a few weeks ago) was trading at 4 std devs above its historical mean…valuation also matters.
The Kobeissi Letter @KobeissiLetterBREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
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Daily Archives: July 22, 2009
Countries banking on a pick up in exports to Europe and Asia may be waiting a long time
The UK entered into the global downturn later than America and they are likely to be still in recession for another year. After that they are likely to have a period of still falling house prices and sub-trend growth for … Continue reading
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