What’s left to justify stocks at these absurd valuations? We just had the largest liquidity withdrawal ever!
Question. What’s left to justify stocks at these absurd valuations? We just had the largest liquidity withdrawal ever! Government borrowed $716B in June alone.That’s $2.8T of net Treasury issuance in 3 months. Then: Add the fact that monetary stimulus was recently reversed. pic.twitter.com/mRAnZxW39z — Otavio (Tavi) Costa (@TaviCosta) July 16, 2020 #recession … US #Corporate … Read more