I’ve updated my investment ideas page. (members click here). As always, this week’s write-up includes specific equity, ETN, and ETF analysis.
Here’s a sample from this week’s update:
People, we live in a very overleveraged economy and a financial and economic system that has been addicted to QE, ZIRP and NIRP and really easy money for many years. I just can’t see QT and more rate hikes going smoothly. I don’t care what tax reform looks like.
Also, don’t forget the context of this tightening. It is with extraordinarily inflated valuations in just about everything. Another 4% rally in the S&P 500 would put the price to sales ratio at same level as in March 2000.
With a load of earnings reports in coming weeks and with the stock market at record highs the bar is thus very high.
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