It has never been clearer that mass mental illness, far more than invented ‘fundamentals’, is what drives stocks higher in the late stages of a bull market.
After the smoke has cleared we can only hope for a return to the principles of DOGE and the idea that current levels of spending and debt are unsustainable.
Though unemployment is not rising much yet, a slowdown in hiring (new jobs) has become quite evident with one bad report followed by another abysmal report...
