Well, stocks are back at all-time highs. Ignited by the Fed’s “Not-QE” program and endless Trump administration teases of an “imminent” China deal, the S&P 500 has been propelled above its upward Bollinger band — a hyperextension only seen one other time since 2007.
Every week since Not-QE was announced has seen the S&P close green (this week finally ending the streak, barely). We’re officially in a melt-up, where both good news and bad news are accepted as valid reasons to push stocks even higher.
But what’s notable about this melt-up is that it’s missing a compelling narrative. Every past asset price mania required a feel-good mantra that convinced the masses “This time is different!”.
But today? What’s the radically better future being promised? Where’s the party train headed to?
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Daily Digest 3/1 – 10 signs a greater depression is coming, How Bitcoin’s vast energy use could burst its bubble
VTGothic: 6 hours ago
I consider wabbits to be a crop
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brushhog: 6 hours ago
Daily Digest 3/1 – 10 signs a greater depression is coming, How Bitcoin’s vast energy use could burst its bubble
Kat43: 8 hours ago
The wabbits must be getting fat.
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Steve: 8 hours ago
Baby bust, not boom, during Wuhan flu
Daily Digest 3/1 – 10 signs a greater depression is coming, How Bitcoin’s vast energy use could burst its bubble
thc0655: 9 hours ago
Jealous
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VTGothic: 9 hours ago
I shot a wabbit this morning
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Oliveoilguy: 9 hours ago
Wendy,
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robie robinson: 11 hours ago
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Galpin: 18 hours ago
Rabbits
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Oliveoilguy: 19 hours ago