Why Stock Markets Go Up—They’re Rigged!

By David Stockman


In recent years, thanks to central bank intervention in virtually every asset class, writing about capital markets in the context of some valuation or fundamental analysis framework has become a laughable, surreal, and self-defeating exercise, and here is a perfect example why.

READ  US Industrial Production At -3.58% YoY With Capacity Utilization At 75.54% (Both Improving), Stock Market Declines On Biden’s $1.9 TRILLION Stimulus
READ  Risk On: $45 Billion Injected Into Stock Market Funds In One Week