The S&P 500 closed at new and fresh and fantastic all time highs. Just two weeks removed from the devilish BREXIT vote, markets have, seemingly, erected itself upon a new petard and has skyrocketed in kind. All of the fear has been reduced to ash. Short sellers have been castrated and kicked into perimeter drains for all the world to see.
In spite of this robust American sledgehammer of an economy, the Federal Reserve remains idled, unable to move for fear of upsetting markets.
German 10yr bunds are yielding close to -0.20% and the entirety of the Swiss curve, all the way out to 50 years, is negative. All of these things are, of course, great news for equity holders.
All of the banks are mired in some sort of purgatory, eagerly awaiting for this glorious bull market to spread its tentacles to every crevice of the market.
Congrats!
AUY is up, TLT more than floats. Life is good
The 10-2 year treasury yield has not inverted sir.
https://fred.stlouisfed.org/series/T10Y2Y
Treasury yields are still flattening, yes, but they have yet to invert, which is the ‘predictor’ of recession. Yield curve was very flat in 1995, but it took it 5 years to actually invert and for the market to peak… So perhaps you are also 5 years early?
Time will tell. I am just glad I haven’t sold anything in my 401k.
No kidding, shit head.
I am still outperforming you.
Stay bullish.
There were two kinds of people today, those who made money in stocks, and those who held up a sign.
The bull has no respect for social unrest or social justice, the market IS equality.
You otherwise might as well be a drunk tourist in Pamplona.
You mean stay greedy. greedy fucking america why do you think we’re having all the problems we’re having
“Don’t get mad, don’t get even, get ahead”
So which side is bullish?http://schrts.co/e00eOD
Who’s buying $YETI IPO next week? Everyone I see are already walking around with comparable knock offs…
People still don’t get it. It’s time to minimize the maximum real risk that exists right now, not the time to try to make as much money as you can using whatever defunct crystal ball you think you have. Time to be a giraffe, not a bull, bear or pig.
Good pull, Wolf’s are very interesting