Everything bubble’s end game

The S&P 500 closed 2021 at a new all-time high, indicating that the ongoing central bank monetary experiment is nowhere near winding down: For years now, we’ve seen many compelling analyses, usually based on valuation issues or macroeconomic risks, predicting an imminent crash and explain why the bull market just could not continue for long. … Continue reading Everything bubble’s end game

Do not bet against the bubble – not yet…

Last week Bank of America published another market report, helpfully summarized by ZeroHedge. BoA's chief market strategist Michael Hartnett has been turning increasingly bearish and expects that a coming [interest] "rates shock" will burst the asset bubble. This is in fact very much possible and there’s a 50% chance that Hartnett is right (heads, he’s … Continue reading Do not bet against the bubble – not yet…