– US stock market at truly record valuations while profit growth has peaked.
– China is in a historic credit bubble & its currency likely to enter a full-blown crisis.
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– Gold is an extremely undervalued haven currency today.
Here is a composite of exactly when the establishment decided to go full bore bullish $SPX while going full bore bearish $SPX earnings
H/T @sentimentrader @SamanthaLaDuc pic.twitter.com/fQOBwqb6xz
— mcm-ct.com (@mcm_ct) April 20, 2019