How Did We Get Here, and Where Are We Going?
August 08, 2024 at 08:00 AM EDT
Where Are We? Powell’s presser not acknowledging a potential for a 50bps cut + BOJ surprise hike + poor ISM + Poor NFP + liquidity in August = one of the worst selloffs in years. Valuations for market-cap-weighted US large caps were rich: the top decile of the past 20 years. While aggregate earnings are [...] The post How Did We Get Here, and Where Are We Going? appeared first on ETF Trends .
