The market has shown true resilience. Or perhaps ignorance. We are standing at a point in time in which those investing may very well know how heated the market is, but simply going ahead, full steam, pedal to the metal, to maximize appreciation. The hope here is that the Fed will stimulate further if the market were to fall. Clearly, without saying it, they have supported assets by devaluing the currency. Inflationary pressures have increased the wealth gap and will make it impossible for many to ever have a chance at recovery.
Don’t fear a 10% to 15% market correction: Long-time bull Ed Yardeni
Stock markets: CIO says tech bubble not expected to pop anytime soon
www.cnbc.com/2020/09/07/stock-markets-cio-says-tech-bubble-not-expected-to-pop-anytime-soon.html
UK house prices see biggest jump since 2016 to hit fresh high
www.cnbc.com/2020/09/07/uk-house-prices-see-biggest-jump-since-2016-to-hit-fresh-high.html
Singapore’s economy may shrink 7.6% on-year in third quarter: MAS survey
‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO
www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234
‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO
www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234
‘A tale of 2 recessions’: As rich Americans get richer, the bottom half struggles – POLITICO
www.politico.com/news/2020/09/07/income-inequality-wealth-gap-409234
‘It’s going to get worse’: Businesses brace for cold weather, closure of patios | CP24.com
NYC Commercial-Property Sales Fall 54%, Crush Tax Receipts – Bloomberg
Goldman’s ‘favorite’ commodity has been on a tear, could have further to run
Assets: Total Assets: Total Assets (Less Eliminations from Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed
fred.stlouisfed.org/series/WALCL
Tesla could be the most dangerous stock on Wall Street, investment researcher says
SoftBank sheds $8.9bn as ‘whale’ options bets unnerve traders | Financial Times
www.ft.com/content/9e5827e9-893a-453e-b28d-88c1c0adc9d5
Latest trend in RVing: Getting way off the grid – CNN
www.cnn.com/2020/09/07/success/boondocking-rvs-dry-camping/index.html