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Cory’s Chart Corner
Load MoreMany 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.
BREAKING: The European Union is preparing further counter measures against newly announced US tariffs of 20%, per CNBC.
Daily Archives: April 1, 2015
Financial trainwreck assured: borrowing to ‘invest’ at record highs
US margin use (borrowing to buy securities) peaked this cycle in February 2014 and has moved ever so slightly lower since. Historically when margin balances stop expanding, they begin contracting and bear markets have followed within a matter of months. … Continue reading
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Canadian ‘atrocious’ economy contracts in Q1
Since all central bankers are congenitally optimistic, a warning this week from Bank of Canada governor Stephen Poloz that the Canadian economy was ‘atrocious’ in the first quarter, may be understating the matter…Here is a direct video link.
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