In today’s briefing:
- Equity Markets – Is Icarus Flying Too Close to the Sun?
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Equity Markets – Is Icarus Flying Too Close to the Sun?
- Unlike headline inflation, US Core CPI will likely continue to drop in the remainder of the year, but equity markets are way ahead of themselves again.
- Our Fear & Frenzy Sentiment Index has moved further into Frenzy territory, indicating the current rally is at imminent risk.
- China’s economic momentum is vanishing with headline inflation at zero, while exports are down 5% from their peak, signaling the global economy will not come to the rescue.