The SP 500 tagged my intermediate chart objective of 1565 to 1570 intraday today.
Stocks are in a Fed-induced bubble now.
They are not expensive based on a multiple of earnings. However, the earnings are not sustainable.
The most illustrative chart is to compare the growth of corporate profits and the median wage.
The world is slipping into a recession, approaching depression in some errors, all due to a policy error on the part of the group think of the global elite and their hangers-on.
There will be a serious break at some point, perhaps as early as this summer.
Non-Farm Payrolls this Friday, ADP and ISM services tomorrow.
