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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 11, 2020
The probability of the next market crash has risen sharply
As house-bound gamblers have turned their free time to financial markets over the last couple of months, stock and junk debt markets have rebounded sharply and attracted new believers daily. See WSJ: Stuck at home with few entertainment options, more … Continue reading
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