Brett writes…In the end, central banks can keep pumping liquidity and suppress interest rates to make markets appear risk free, but the harsh reality will set in sooner than later. It’s not a question of if, it’s a question of when will this market collapse. On top of this you have an ever going issue of pensions, endowments, and the general public loaded up on stocks more so than ever due to yield chasing which is a by product of the low and negative interest rates we’ve seen the past decade. Combine that with the largest generation of American’s in the process of retiring or nearing retirement, baby boomers, and you have your recipe for disaster. Price discovery is broken and this will cause for a violent selloff once things begin to tumble. The fundamentals are much worse now in April 2019 than they were in the beginning of October 2018. The IMF continues to cut global growth forecasts and with geopolitical risk rising, we are likely to see market shocks. France is a perfect example, where production has slowed down heavily due to over five months of “yellow vest” protests. We will soon see how the last decade really wasn’t a recovery and when shit hits the proverbial fan it will be more apparent than ever, especially when 69% of Americans have less than $1,000 in total savings
read full article
https://medium.com/@brettkotas/fundamentals-have-went-out-the-door-d0125931610a