#recession … #Tech #Bubble 2.0 edition#Lucid #ElectricVehicles https://t.co/INwdhDoZ0d
— Invariant Perspective (@InvariantPersp1) December 8, 2021
Multiple pandemic-related hype stocks have already returned to May 2020 levels. Who’s next?
BofA Says S&P 500 Real Earnings Yield is Lowest Since Harry Truman Was President
The real earnings yield on U.S. stocks hasn’t been so low since Harry Truman was president and the Cold War was just starting, according to Bank of America Corp. strategists.
S&P 500 REAL Earnings Yield At -2.33% While REAL Wage Growth At -1.43%, REAL 30Y Mortgage At -3.11%
The cause of this weird and wacky economic stuff? How about the surge in M1 Money and The Fed Balance Sheet?
"The equity market just can't go down". https://t.co/buXE1H0ONB
— Sven Henrich (@NorthmanTrader) December 8, 2021
Markets aren't ready for what the Fed has to tell them, says the former head of the New York Fed https://t.co/UE1pB2WL89
— Bloomberg Markets (@markets) December 8, 2021
Hedge funds posted their worst performance in November since March 2020, as per @Bloomberg All Hedge Fund Index
[Past performance is no guarantee of future results] pic.twitter.com/TXiezABr7O— Liz Ann Sonders (@LizAnnSonders) December 8, 2021
h/t Fuzzy-Temperature541