Like how the market has priced in 10 of the last 1 recessions.
Even if meew accept that the permarally points to a Hitlary win, isn't that an awesome stockapocalypse setup for a Trump win?
it is inevitable
Yahoo has gone Full Monrio
True, but by making the stock market always go up, the Fed has eliminated the business cycle, so Everything is Awesome.
True, but Helicopter Money adjusted, Everything is Awesome
That should settle the issue.
QE adjusted, it's all good
This makes a lot more sense than thinking that investors are simply ignoring the profits recession.
The risk of this is that it leaves stocks at great risk of flash crash.
"The current cycle stands out in that earnings have played almost no role in the SPX rally. In fact, earnings were a slight drag on equities and were only offset by an aggressive multiple expansion. More than 90 percent of the rally was attributed to a collapse in equity risk premium ... In sharp contrast, the equity gains in the 1980s and 2000s were all about earnings growth, and in 1990s earnings still accounted for more than half of the rally."
The equity risk premium is still some 2% higher than its historical average over the last 30 years — so it could fall further. This gives the S&P 500 room to rise another 200 points, Deutsche Bank estimates.
So maybe S&P 2350, which has been called by a number of analysts.
After such a long consolidation period, be prepared for a retest of that former top. That is the set up for the meltup.
The similarities of this and Spring 1999 are surprising in that one would think the Fed would see what they are doing and choose a different path. No sign of that is evident.
Summer is not the usual time for powerful rallies, but the market is still flooded with central bankster largess and at some point inflation is likely to happen.
Goldman may have gotten the rate cycle right, with expectations for a delayed but then steep rate hike ramp. That's because global weakness and crises events are giving the Fed cover to hold rates low for an even more extended period of time.
The affect of this is showing up in strong jobs reports and in precious metals. The precious metals rally is likely more about inflation than risk aversion.
As Japan has shown for decades, stealing future growth through debt can create temporary inflation and even some GDP..for a while.
maybe this time its different?
As shown by Venezuela, debt-fueled growth works..till it doesn't
hey, jobs fluctuate
QE adjusted, it'a ll good
No reason to Full Monrio, which is actually more of a mission statement to most sheeple..except of course for Monrio
it's ok, they'll just print more
do not chase lead
Party like its 1999!