QQQ - Fed PUTting Black Swans To Rest
2024-05-09 11:58:43 ET
Summary
- The stock market is currently sitting near all-time highs, despite concerns and potential black swans on the horizon.
- Inflation and rates are soaring, the economy is weakening, and geopolitical tensions are rising.
- However, the Fed Put is now in place, and liquidity dynamics support higher asset prices. For now...
Thesis Summary
Looking around, there are without a doubt plenty of reasons to be bearish about the stock market. I don't just see a black swan on the horizon, but a whole herd of them.
There are plenty of things to worry about, and yet, the market still sits near all-time highs, valuations are lofty and nothing has cracked yet....
Fed PUTting Black Swans To Rest