Equity Markets In Denial---But Summer-Living Ain't Gonna Be Easy!

Trade wars, political instability in places that shouldn’t be wobbling, enemies and allies alike glowering at each other and a whole slew of central bank speakers. Just not a lot to look forward to as we begin the week. Put that together with equity and fixed income markets that were showing such good vibrations yet suddenly need to fish or cut bait to avoid looking decidedly risk-off and you get the feeling that the most positive thing that could happen today is if nothing does.

https://www.zerohedge.com/news/2018-06-18/equity-markets-look-theyre-denial-trader-warns-summer-living-aint-gonna-be-easy

 

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.