https://northmantrader.com/2020/01/24/80s-party/<analysis, charts, rants>
You’re staring at a massive asset price distortion with indices and individual stocks dancing at an 80’s RSI party, while yields and growth not confirming any of this.
I maintain the Fed has set in motion perhaps the most dangerous and reckless asset bubble since the year 2000. Nobody will believe it until something bad happens.
Will Powell be confronted with any of this next week?
Will he get challenged on the obvious effects his not QE lie has on asset prices?
Will he get challenged on the claim that the Fed does not target asset prices when it in effect does?