“I think there’s a real danger of stock buybacks topping out the market, and then the bubble bursting. We know who gets hurt when the bubble bursts. It’s the majority of us.” –@lenorepalladino t.co/Up2GAYHu8X
— Jordan Haedtler (@JordanHaedtler) June 21, 2019
We'll keep talking about what the Fed did, should do, might do, could've done.
But however we got here, the cost of corporate debt has tracked Treasury yields lower and capital-markets math says that supports stocks. The BBB yield is back where it was in January 2018. pic.twitter.com/r21xic0jZD
— Michael Santoli (@michaelsantoli) June 20, 2019