This proves that this is a market driven by a handful of large cap stocks. This means that we are in the midst of a very much distorted and disoriented marketplace. This is the best market a trillion in central bank intervention can buy. A distorted overvalued market completely disconnected from the fundamental picture.
Some that claim that markets are forward looking and see better things ahead. These markets saw nothing coming and ran right into disaster and now they’re simply jumping on the Fed liquidity train again, the very train that got them trapped in the first place. No lesson has been learned. How do we know that? Because the very same mistakes are again repeated and driven to new and even more historic extremes.
21:53:03 ( UTC )
Fri Jun 12, 2020
Some that claim that markets are forward looking and see better things ahead. These markets saw nothing coming and ran right into disaster and now they’re simply jumping on the Fed liquidity train again, the very train that got them trapped in the first place. No lesson has been learned. How do we know that? Because the very same mistakes are again repeated and driven to new and even more historic extremes.
21:53:03 ( UTC )
Fri Jun 12, 2020
