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Stock market valuations stand at one
of the three great bubble extremes
in U.S. history |
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00:01 -
23/10/23 |
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The past 10 pre-election years saw the S&P 500 bottom today
(on average) |
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US yield curve keeps bear-steepening w/2s/10y spread jumps
to -19bps after Fed's Powell has given 'green light' for
higher long-term bond yields w/10y near 5% |
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Things you don’t tend to see in new, strong bull markets:
two sectors taking out their prior lows that were made when
broader market put in its low (Oct. 22) [Past performance is
no guarantee of future results] |
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Cash now earns more in interest than the S&P 500 does in
earnings for the first time this century |
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