Yesterday's brief hiccup in what has been an otherwise relentless rally in global risk assets is all but forgotten this morning, as European and Asian stocks, and US equity futures, all rise in quiet trading ahead of tomorrow's FOMC meeting, with the Dow set to make a 16th consecutive post-election all time high.
Submitted by Chris Martenson via PeakProsperity.com,
One serious predicament we face is that the current leaders in the halls of monetary and political power do not appear to understand the dimensions of our situation. The mind-boggling part about it is that the situation is easy to understand.
Our collective predicament is simply this: Nothing can grow forever.
The key economic releases this week are retail sales on Wednesday and CPI on Thursday. The key market-moving event will be the December FOMC statement released on Wednesday at 2PM. In addition, there is one scheduled speaking engagement by Richmond Fed President Lacker on Friday.
The following post apperared 12/9/2016 at Trader Scott's Market Blog:
By EconMatters
We delve into the market internals and the P/E Ratios of most stocks when taken as a whole are in never before seen valuation levels. We are not talking about just the high growth flyers but industrial companies with stagnant or declining growth like Caterpillar, Coca-Cola and Exxon Mobil in areas facing longer term structural headwinds.