A strong economy? Stocks at record highs. Profits at lowest % of GDP since 2008 ex-GFC. Corp Debt at $15bn 7.5x larger. And credit priced to perfection.

via @PPGbites:

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via @The92ers:

The market looks quite similar to March ’00 & the Fed also finds itself in the same position. The market’s valuation is greatly stretched & the Fed is a prisoner to its many mistakes. See the link for a brief summary of how we got here, it took ~ 20-years www.the92ers.com/blog/chickens-coming-home-roost-fed-and-25-years-price-supression) the92ers.com/blog/chickens-…
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Median S&P earnings beat the lowest in 5 years

via Zerohedge:

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via Eric Basmajian:

The growth rate in nominal final sales is 40% less than 4 quarters ago. Should help square the confusion with bond yields. seekingalpha.com/article/4278455-weekly-review-fed-focus) seekingalpha.com/article/427845…
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