Only 100k off the projected is bullish, right?
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Consumer debt load is higher Corp debt load is way higher PE ratios are more disconnected Employment barely recovered, at least started at a high level last time, this time has nowhere to go Wages haven’t moved up much/if at all Derivatives exposure massively higher
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Leverage is higher. Bonds & equities now moving together instead of being inversely correlated Every tweet from the White House smashes markets up or down on a whim Rates are in the toilet & going lower Fed is powerless and now being manhandled by political pressure
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