It's the liquidity stupid! Central Banks have exacerbated the divergence between equities and fundamentals. The latest rebound in equities was entirely due to P/E expansion. S&P 500 P/E multiple is trading in tandem w/Fed’s balance sheet. pic.twitter.com/DaerxoYvzI
— Holger Zschaepitz (@Schuldensuehner) June 5, 2020
Cheerleader of wealth inequality now wondering why the system he exploited still exploits others. https://t.co/EzMVNVSvuS
— John Tuld (@BradHuston) June 5, 2020
https://twitter.com/NorthmanTrader/status/1268861850571194368
https://twitter.com/NorthmanTrader/status/1268848463200083973