#recession … #Tech #Bubble 2.0 edition t.co/OWeBd3FElo
— Invariant Perspective (@InvariantPersp1) June 22, 2020
"Don't fight the Fed" has 538 million Google results — this even tops the 348 million for "buy the dip". Most over-used refrain in today's market lexicon.
— David Rosenberg (@EconguyRosie) June 22, 2020
The Fed’s Corporate Bond Buying Is Stoking Bubble Fears
While the initial announcement of the program provided a major lift to Wall Street, there now are worries that the risk-on sentiment could be getting carried away.
#recession … #StockMarket #Bubble edition#SPX #SPX500 $SPY #ES_F $ES 📉 t.co/DTnrT3xGZu
— Invariant Perspective (@InvariantPersp1) June 22, 2020