Investor complacency (not a soul, save permabears, are looking for anything like a large markdown in market).
Trade and tariff risk is rising.
(Subscribe to our YouTube channel for daily videos on market-moving topics.) But this is THE chart you should be paying attention to: There are several important points to note in the chart above: In the past 40-years, there have only been seven (7) other occasions where rates were this overbought.
But we will only know for sure when the “rabbit pops out of the hat.” Just something to think about as you catch up on your weekend reading list.
Economy, 2008 & Fed Fed Officials Are Playing With Fire by Caroline Baum via MarketWatch Burying Our Heads In The Sand by Hunt Lawrence via American Spectator Further Tax Cuts, Further Fiscal Irresponsibility by Committee For A Responsible Federal Budget Tax Reform Promised A Deluge, We Got A Drip by Omri Marian via The HIll Trade War Escalates – Markets Shrug by Matt Phillips via NYT 6-Signs We're Closer To A Recession Than You Think by Sean Williams via Motley Fool Wages Are Low And Workers Are Scarce by Annie Lowrey via The Atlantic The Casualties Of The Trump's Trade War by Steve Chapman via Reason.com Economic Bump Due To Stimulus by James Macintosh via The New Yorker Can American Be A Successful Low-Tax Society by Grover Norquist via Ozy Who Really Creates Value In An Economy by Mariana Mazzucato via Project Syndicate A Decade Later, Is The Global System Safer by [email protected] Markets Edwards: Next Recession Only 6-Months Away by Tyler Durden via Zerohedge This Market Indicator Most Inflated Since 2000 by Mark Hulbert via MarketWatch TSLA: Headed To The Graveyard by Shawn Langlois via MarketWatch A Warning From Europe by Anne Applebaum via The Atlantic It's A Nightmare Scenario For The Markets by Wolf Richter via Wolf Street The “Junkie Market” Is Back Again by Dana Lyons via The Lyons Share Central Banks On Gold Buying Spree by Simon Constable via Forbes Emerging Pieces From The EM Decline by Seth Levine via The Integrating Investor Markets Don't Care About Trade Wars by Ryan Vlastelica via MarketWatch When Is The Next Recession & Bear Market by Jesse Colombo via Forbes The End Of The Incessant Bid by Kevin Muir via The Macro Tourist Most Read On RIA The World Diverges From The US by Lance Roberts Buffett: A Walking Contradiction by Michael Lebowitz The Ingredients Of An “Event” by Lance Roberts 80% Of Americans Face A Retirement Crisis by Lance Roberts Research / Interesting Reads The Confidence Game Being Run At Salesforce by Ben Hunt via Epsilon Theory 2/3rds Of Americans Believe The Stock Market Hasn't Risen by Tyler Durden via ZeroHedge A Decade Later: How The Recession Changed Everything by Liz Wolfe via Playboy How The Next Downturn Will Surprise Us by Ruchir Sharma via NYT 5-G Will Change Everything by Gary Shapiro via Real Clear Markets Statistics Say The Financial Crisis Is Behind Us, They're Wrong by David Leonhardt via NYT The Biggest Economic Change In A Decade by John Stepek via MoneyWeek Is The Stock Market Overvalued? by [email protected] Retirement Is In Peril For Most Americans by Ted Knutson via Forbes Fed Should Go Lower For Longer by Janet Yellen via Brookings The Will Be The Mother Of All Minsky Moments by John Mauldin via Mauldin Economics What We Should Have Learned From 2008, But Didn't by Carmen Reinhart via Foreign Affairs “It's all fun and games until someone gets their eye put out.” – Every Mom In History.