Independent thinking for complex markets and current events
Japan pension money heading home means less buying of US assets. Hindenburg Omens fire repeatedly but market laughs until it suddenly does not. Record leverage carry trade and policy mess equal violent unwind setup. S&P 500 CAPE ratio sits above 40 times a level only seen once before at the 2000 dot com peak. Earnings …
By Egon von Greyerz THE CASE FOR GOLD IS INCONTROVERTIBLE As Eastern and Southern Central Banks substantially increase their gold holdings, Western Central Banks will most probably have little physical gold in their coffers. Total global gold reserves allegedly held by central banks (37,000 tonnes) are valued at $3.1 trillion at the current market price …
If $spx earnings estimates for 24 and 25 are rolling over, the multiple will need to contract. pic.twitter.com/WCBTrdsRCv — Michael J. Kramer (@MichaelMOTTCM) September 24, 2024 The Stock Market Could See A Sharp Pullback This Week https://t.co/Cj5LMVRzRq #MACRO: $SPY, $QQQ, #RESERVES, #MARGIN — Michael J. Kramer (@MichaelMOTTCM) September 22, 2024 So The Economy Now Depends …