The markets are disconnected from the economy, but this nothing new

April 27, 2020

TG Watkins joins me to share his general thoughts on the health of the US markets. Last week TG was looking at he markets bearishly but after the strong close to the week he reassessed. Just because the economy is struggling does not always mean the markets are going to follow tot he downside.

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    Apr 27, 2020 27:45 PM

    I’ve lost count – talking generally here – of the online gurus who have spent this month saying that a double bottom will come. It always does they say.

    I suspect most will turn bullish when the markets are at all new highs. That will be after the 50% to 100% gains have been made. Does anyone seriously think a double bottom will come now? We are back in buy the dip mode and 1 or 2 percent down days will be eagerly snapped up.

    Apr 27, 2020 27:04 PM

    Nothing matters till it matters. I find it difficult to believe the stock market can keep going up when it becomes clear a lot of the lost jobs aren’t coming back anytime soon. But then I could be completely wrong, maybe the ‘market’ no longer reflects the economy anymore, or this is early signs of inflation where prices go up as value goes down.