The $VIX is hitting a wall of complacency.
The S&P 500 is nearing the apex of a wedge.
Fundamentally, US stocks are historically over-valued. Macro timing indicators show the peak of the business cycle.
Are the technicals also setting up for a bear market? $SPX $SPY $ES pic.twitter.com/QetyySees3
— Kevin C. Smith, CFA (@crescatkevin) October 31, 2019
This breakout in gold looks a lot like 4 months ago.
We are at the height of the business cycle and the Fed easing cycle has only just begun. pic.twitter.com/VIS7rhTn7b
— Otavio (Tavi) Costa (@TaviCosta) October 31, 2019
All stars aligned.
Fed easing.
Negative real yields everywhere.
Unemployment rate falling.We likely in the early stages of a raging bull market for precious metals. pic.twitter.com/WBLrZm4xxy
— Otavio (Tavi) Costa (@TaviCosta) October 30, 2019
The latest nonsense in economics is the concept of a "savings glut" that requires much higher government spending.
Completely ridiculous. The problem is debt saturation and excess of demand-side policies. pic.twitter.com/GyaM5bacM9
— Daniel Lacalle (@dlacalle_IA) October 31, 2019