There are still some who live in the fantasy world of fundamentals, earnings, macro business-cycles, and efficient markets… for everyone else, we offer the following seven charts to explain what really matters in the new red-pill normal… are you ready to find out how deep the rabbit hole runs?
As Global GDP growth expectations plumb new depths, world stock markets are surging to record highs…
From Japan…
To Europe…
Even Britain…
And finally the US…
With its 6th quarterly decline in earnings…
So given that it is obvious the stock ‘markets’ of the world are not discounting macro- or micro-fundamentals anymore… What is it that drives equity market capitalization?
Central Bank Balance Sheets – nothing else matters!!
The truth is sometimes too much to handle…
Charts: Bloomberg
Related Posts
Want to see butterflies in your backyard? Try doing less yardwork
CoinMarketCap launches proof-of-reserve tracker for crypto exchanges
Market Doom Loop Update: Risk From VIX ETPs, CTAs Flashes Red- Could There Be A Bitcoin Pullback?
Stocks Tumble As Emissions Scandal Spreads To BMW; NOK Plunges On Unexpected Norway Rate Cut- Price analysis 3/10: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, SHIB
Leave A Comment