Tech #Bubble 2.0: It’s different this time. It’s worse, much much worse.

#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