- Despite reporting truly-spectacular Q2’21 results, the big US stocks’ valuations remain deep in dangerous bubble territory. They probably just saw peak revenues and earnings growth in this last quarter.
- The Fed’s extreme money printing nearly doubling the US money supply since the stock panic, and the trillions of dollars of government stimulus payments it financed, fueled unsustainable excess demand.
- That means lower demand for corporate goods and services going forward. That along with serious price inflation eroding profits will push valuations even higher. A bear-market reckoning is looming.
For further details see:
Big U.S. Stocks' Q2 2021 Fundamentals