The price implied in Dimon’s scenario is roughly the index’s peak from 2018, the year when former president Donald Trump’s corporate tax cuts took effect and an equity selloff forced the United States Federal Reserve to end rate hikes.
Falling interest rates had “been great for valuation multiples and we’re unwinding all of those,” Michael Kelly, global head of multi-asset at Pinebridge Investments LLC, said on Bloomberg TV. “We’ve had easy money for a long time and we can’t fix all of that very quickly.” “We had a period of a lot of liquidity. That’s different now,” said Willie Delwiche, an investment strategist at All Star Charts. “Given what bond yields are doing, I don’t think you can say a 40-per-cent peak-to-trough decline is out of the question.”
In my opinion, all planned. Create an issue (COVID), have governments implement the most backward restrictions, wait for markets to crash, gobble up all stock at ridiculously low discount prices, wait, watch fortunes rise, repeat.
100% controlled by Central banks. They don't care, they are tanking the market in response to inflation to try and keep wages low. If wages rise the rich lose a little bit of their power and wealth. If you work for a company that has not given inflation increases. Quit.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: CryptoAmb - 🏆 22. / 68 Read more »