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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: December 14, 2020
Bubbles are ubiquitous, bubbles always burst
Those who say that it is not possible to recognize financial bubbles in advance are paid not to see them; this group includes most in the asset collection/investment product-selling business and central banks. Asset valuations, in themselves, cannot tell us … Continue reading
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