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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: September 8, 2020
The truth about obscenely priced ‘investments’
While the largest tech companies have leapt in price, aggregate earnings for NASDAQ 100 companies have fallen 30% year to date. Before last week’s modest sell-off, the largest five–Apple, Microsoft, Amazon, Facebook and Google (Alphabet)–accounted for a record 23% of … Continue reading
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Wolf Street Report: Tech stock sell-off is a sign something broke
Good update from Wolf Ritcher this week. Leverage and speculation drive boom and bust. SoftBank was only a cog in the huge machinery. Here is a direct audio clip.
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