1.No Equity Risk Premium, no problem?
(albeit to be fair the marginal buyer at the moment probably doesn't even know what an ERP is!)
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2.The best vs the worst of Global Equities
Kinda looks like a turning point... $S&P 500(.SPX)$ $SPDR S&P 500 ETF Trust(SPY)$ $NASDAQ 100(NDX)$ $Invesco QQQ(QQQ)$ $Dow Jones(.DJI)$
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3."bull markets grow on doubt and wither once hype takes hold..."
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4.No Credit Risk Premium
US assets are priced for perfection, but we are in an imperfect world.
Sometimes very low credit spreads represents confidence, other times it represents complacency.
I would confidently call this complacent...
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