The strongest recovery since the financial crisis has now been priced in by the market

The strongest recovery since the financial crisis has now been priced in by the market pic.twitter.com/cIfa4RVUAs

— zerohedge (@zerohedge) January 12, 2020

YoY AHE growth slowed to a 16-month low of 2.87% in December. Even more notable is the decline in YoY AWE growth to 2.27%, a 32-month low. After reaching a cycle high of 3.63% in October 2018, it has since returned to the vicinity of its 2012-2016 average of approximately 2.2%. pic.twitter.com/Of5C3NmQBd

— Spencer Schiff (@SpencerKSchiff) January 12, 2020