Last night one of the “morals of the story” of a thread we posted was “Don’t miss the forest for the trees.” The chart below is a view of “the forest”, in its full glory.
you probably shouldn’t look at this chart
#MARGINDEBT VS #SP500
More than two generations of investors have only seen massive monetary stimuli. Now, markets are adding more risk (graph 1) while Fed moderately normalises (graph 2) in the hope that Fed will not do what it has to do. Extremely concerning. www.dlacalle.com/en/risk-off-not-really/ …
What happens next t.co/rav8XFoPQy
— OW (@OccupyWisdom) July 17, 2018