Contraction heading for US, over-priced stocks at risk

Edward Dempsey, CIO of Pension Partners, says investors are “caught in a hard place” as a “contraction is arriving in the U.S.” Here is a direct link.

Copper and the cyclically sensitive Canadian TSX have been telling us this story for many months now as shown here.

Chart source: Cory Venble, CMT, Venable Park Investment Counsel Inc.

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