Central Banks have exacerbated the divergence between equities and fundamentals. Cheerleader of wealth inequality now wondering why the system he exploited still exploits others.

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