Stock market prices are up, in my view, because of the search for yield. Since bonds are paying crap, the hunt for yield has been on. The only place to get any type of return is equities.
So while the market is primed for a pullback, I wonder if we will get it due to the fact that bond yields are only going lower it seems.
The slow VoM shows that money simply is not flowing through the economy like it use to. This is why we get long term lackluster economic numbers in my opinion.
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Interesting, I need to learn more about these things.
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