This is the most coherent explanation on why going “fully EV” makes no sense (for now).
Get this man in charge of an energy committee. pic.twitter.com/DhtYoxdP52
— Brandon Beylo (@marketplunger1) October 30, 2023
Guest Post by Sven Heinrich
The recognition that this market is in a bubble (something I’ve been writing about extensively) has gone mainstream and banks are recognizing is now too.
This week JP Morgan’s Kolonavic is also raising the alarm bell:
“The bubble we are describing is expressed in equity factors … We caution investors that this bubble will likely collapse, i.e. this time is not ‘different,’
..some tech names are trading at “unsustainable valuations” supported by record level of speculative call option activity.”
“Bonds, momentum stocks, and low volatility stocks rallied – pushing the valuation spread between defensive and cyclical stocks to a level 2x worse than during the peak of the late-’90s tech bubble”
And yes the market continues to party like it’s 1999 and the signs are mounting that the market has gone full retard. But as everybody knows: You never go full retard. This market just went full retard.