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. t.co/EzMVNVSvuS
— Brad Huston (@BradHuston) June 5, 2020
BREAKING: Markets pricing in vaccine against selloffs, down days, earnings declines, unemployment, recessions, social unrest, riots and gravity.
— Sven Henrich (@NorthmanTrader) June 5, 2020
It’s happening around the world.
Central banks, in their quests to save the economies, are unleashing unpredictable social and political forces reacting to the ever widening divide central banks are fueling with their unchecked and unbalanced policies. t.co/4tDPiFWUzh— Sven Henrich (@NorthmanTrader) June 5, 2020