It might be that equities are in shambles due to low capex:
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Fat lady isn’t singing bull market’s swan song yet—‘but if you listen closely you can hear her warming up’, says strategist
Business News News
The warnings that good times are over keep coming fast and furiously and for a good reason. The three main benchmarks on Monday were enduring a fresh pummeling that puts renewed pressure on once-highflying technology and internet-related stocks.