Do valuations still matter? The gap between the S&P 500 and corporate profits after tax remains very wide

#recession … #StockMarket #Bubble edition#SPX #SPX500 $SPY #ES_F t.co/9c3953rnaQ

— Invariant Perspective (@InvariantPersp1) August 28, 2021

#recession … #StockMarket #Bubble edition#SPX #SPX500 $SPY #ES_F t.co/57DPIt7JTf

— Invariant Perspective (@InvariantPersp1) August 28, 2021

#recession … #Tech #Bubble 2.0 edition t.co/oTqGdQV7th

— Invariant Perspective (@InvariantPersp1) August 28, 2021

#recession … #GFC2 #Repo #Collateral Crunch edition t.co/WU0TvKQWTL pic.twitter.com/CQWp0qj2u5

— Invariant Perspective (@InvariantPersp1) August 29, 2021