bearish

3 Months of MoM Inflation Oblige Stealth Tightening; Overvalued Equities to Fall

212 Views30 Jun 2021 04:16
Core PCE rose 6.4% annualized in Mar-May 2021; despite FOMC promises to persist with large QE, base money contracted in May 2021, & more tightening is inevitable. CAPE at 38x make equities a SELL
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