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Just Three Charts

Just Three Charts

With price-to-sales at it highest ever for US equities, we thought the following three simple charts may provide some cynical, skeptical, fiction-peddling facts as everyone waits for payrolls this week...

Earnings expectations remain entirely decoupled from equity index price 'reality'...

 

And While Industrial Production in America mattered for decades... stocks are ignoring the current recession-like plunge in output...

 

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