The market is seemingly adopting the idea that growth won’t get any better than it currently is, according to David Rosenberg, chief economist and strategist at Rosenberg Research and a longtime Wall Street veteran.
Related: What to expect if ‘peak everything’ already has happened and markets feel the force of gravity again Also flattening is the “GDP recovery” index, consisting of S&P 500 energy, packaging, chemicals, steel, copper, building products, construction, electrical equipment, machinery, road and rails, commercial services, professional services, consumer discretionary, semiconductors, media and movies and entertainment.
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Or just a massive increase in the money supply due to central banks
Anything to keep it propped up