2024-06-23 09:47:49 ET
Summary
- The risk of recession is rising with the weakening labor market.
- The political situation in France could trigger the widening of credit spreads globally, and further tightening of financial conditions.
- The AI bubble is topping with the recent reversal in the Nvidia stock price.
- The S&P 500 PE multiple is now over 24 - it's a bubble ready to burst.
Summertime
It's that time of the year. Summer officially started on June 20th. Usually at this time, investors are talking about a potential summer rally. ...
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For further details see:
Welcome To Summer - Brace For A Hard Landing