Proof that buying gold miners and shorting overvalued stocks at large can work insanely well on both sides of the hedge even in a deflationary environment. The macro set-up is a speculative debt bubble with record over-valued stocks. pic.twitter.com/f0Bmo0DZuN
— Kevin C. Smith, CFA (@crescatkevin) October 27, 2020
“In a fiat currency world the limits of central bank balance sheet expansion remain unclear, but, as the world economy recovers from the largest economic shock in generations, those limits will become clear. For the large, DM, central banks, these EM limits will be noted with care. Japan has…
The S&P 500 is forming a “double top” going into the U.S. election, which is a worrying sign for investors, according to veteran investor Mark Mobius.