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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: January 23, 2018
Key observations on record exuberance, returns and late cycle prospects
This year marks the ninth year of the expansion cycle that began in 2009, the second longest in recorded history, and an ominous 31-year high in investor confidence. Free-to-cheat-and-steal-financial intermediaries, greased by ludicrous liquidity gifts from central banks, have had … Continue reading
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