- Profits are declining, valuations are stretched, the world economy is slowing and the Fed could increase interest rates further.
- There are also significant risks in the world economy and the materialization of one could trigger others in a cascading effect that can do serious damage to the world economy.
- More fundamentally, the whole underlying model of stock gains is running into its own limitations, in our view.
- All of which suggest that indexes will struggle to go materially higher and the risks are on the downside.
The End Of The Bull Market
August 11th, 2016 · No Comments
Tags: The Markets