Bought the June lows. While your general comments are helpful, many bears were just way too bearish in June. Sorry but nominal GDP/gdi very strong. Earnings "shoe" didnt drop. Inflation keeps rolling over and I see economic expansion. Market and economy can take 3.5-4% FFR imho.
I thoroughly enjoy reading your articles. I am new to the markets and your articles are great educational reads for someone like me. I came across a concept in the article that I am unable to wrap my head around "The yields are inversely correlated to the multiple investors will pay for earnings". I would be obliged if someone could please help explain this.
Bought the June lows. While your general comments are helpful, many bears were just way too bearish in June. Sorry but nominal GDP/gdi very strong. Earnings "shoe" didnt drop. Inflation keeps rolling over and I see economic expansion. Market and economy can take 3.5-4% FFR imho.
Thanks. Timing isn't easy. Ultimately the Fed will decide.
Hi,
I thoroughly enjoy reading your articles. I am new to the markets and your articles are great educational reads for someone like me. I came across a concept in the article that I am unable to wrap my head around "The yields are inversely correlated to the multiple investors will pay for earnings". I would be obliged if someone could please help explain this.
Thankyou
Udit