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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: September 3, 2020
Shilling: expecting recession throughout 2021
As we covered in our client letter for August on Monday, central banks can pump money into financial intermediaries and buy some securities to increase cash in the system but they cannot force lending nor productive investment through the economy. … Continue reading
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