Sentiment and liquidity are important factors driving the market rally of 2019.
But we must also take into account the reality of earnings and macro to avoid beta-chasing and momentum risk building. pic.twitter.com/Kjre0m4btk
— Daniel Lacalle (@dlacalle_IA) February 24, 2019
https://twitter.com/OccupyWisdom/status/1099383478263660546
Global stocks continue their V-shaped recovery despite a very uneven set of economic indicators and below avg global earnings season w/big misses. Stock mkts have gained another $1.5tn in mkt cap this week bringing ytd gains to $7.1tn, equal to combined GDP of Japan & India. pic.twitter.com/Sd1VgxZuwK
— Holger Zschaepitz (@Schuldensuehner) February 23, 2019