Corporate profits are typically among the most reliable
guides to the future direction of the stock market. And yet
American
stocks
are off to their best start in two decades.
The S&P 500 is up about 15 percent this year |
00:01 - 16/04/19 |
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Charlie Bilello -
Crude Oil and Inflation Expectations have tended to move in
tandem in recent years. Over the past few months, we've seen
a wide divergence w/ Oil surging higher while Inflation
Expectations remain subdued |
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S&P 500 hit a new all-time high this week (total return),
Jobless Claims hit a 49-year low. Inverse relationship since
March 2009... |
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From total despair to one of the most historic rebounds
ever. This is the S&P 500 since December |
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