Danielle was a guest with Jim Goddard on Talk Digital Network talking about recent developments in the world economy and markets. Here is a direct video link.
The chart below shows payment delinquency cycles for US credit cards by age group since 2000.
Markets are weak when they are highly concentrated. The chart below, courtesy of DailyShot.com, shows the percentage of S&P 500 year-to-date gains that have come from the ten most expensive tech companies. Today we have the most concentrated (weakest) US stock market in decades.
The same vulnerability is evident in the NASDAQ Index (price below in black over the last two years), where the number of decliners has far outpaced advancers year-to-date (purple line). The gap is unsustainable.
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