These 2 chats below were sent to me by our friend Ronni Stoeferle. The two charts are presenting different hard data but all together they outline just how streched US equity markets are compared to US GDP. Take a look and let us know what you think.
I apologize for the lack pf postings today. It was a full day on the Rye Patch properties. We will provide full coverage on this weekend’s show.
Back in the day, when fundamentals used to matter… pic.twitter.com/yJcBk8Ybnh
— D.Schrottenbaum, CFA (@David_Schro) June 20, 2017
groundhog day? The Atlanta Fed’s GDPNow forecast for the second-quarter growth (green line) fell below 3%. pic.twitter.com/xSHtV6ubRj
— Ronnie Stoeferle,CMT (@RonStoeferle) June 20, 2017