Meanwhile inflation is still the number one topic. And accompanying inflation is central banks hiking interest rates. The interest rate hikes are biting and talk is of a housing market crash, rising unemployment.
But year-over-year, the hard truth is here, with this gentle reminder: should the present parabolic Short trend run the typical course, the high 1500s can soon be in force..
US stock market investors have devolved into welfare bums who live for QE handouts and negative interest rates provided by a central bank soup kitchen.