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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: June 20, 2011
Never mind more bailouts, Greece can’t pay it’s debts
“Hopes for a Greek bailout were dashed this weekend, or at least deferred, as EU finance ministers delayed approving a $17 billion package slated for July. The $17 billion tranche was part of the original 110 billion euro ($154 billion) … Continue reading
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