One-Handed Economist

On one hand the continuous printing is exceedingly bullish, and at the same time the world’s largest market may have permanently topped.

Jeff Saut:  “…when the stock market generates an overbought condition of this magnitude it suggests there is more strength coming in the future after the overbought condition is rectified.”  Raymond James.

With money printing now ongoing, being permanently bullish seems to be the posture.  Toby Connor suggest oil will trigger the next recession:  Gold Scents.

On the one hand, Blackouts Spur $18 Billion Power Grid Upgrade: Corporate India at Bloomberg.  One the other, No quick China fix, says Rio Tinto at SMH.

BTU and ACI charts.  The coal stock chart bounce in a different perspective:  YCharts.

This summer ISA tracked the potential end of the great bond bull market, which has never looked more likely:  Kimble Charting Solutions.  Bonds Might Have Topped Out, for Good by Trader Dan.  Yield-Starved Investors Snap Up Riskier MLPs illustrates froth in the the chase for income:  WSJ.  With junk bonds at all-time highs, Beware ‘Chicken’ Equity Trades at Barron’s.  Are dividend stocks overvalued?  Dividend Monk argues otherwise, while history says secular stock bear markets bottom with single digit PE’s and 6% yields.  Weal C.

 

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