The market is all air. Not a fundamental in sight
The #economic “expansion” feels like a #depression because a depression is sub trend #GDP growth for a sustained period of time. The expansion has been below trend for the vast majority of the time.
#QE induced markets ignore this
Chart via @charliebilello
The Big Issue When You Chase Momentum On Expensive Stocks Is You Cannot Discern Value Opportunities When They Fall…
… They Are Still Expensive#FANG
— Daniel Lacalle (@dlacalle_IA) July 30, 2018