Authored by Sven Henrich via NorthmanTrader.com,
Something doesn’t add up and it smells. If you read Fool me Twice you’ve probably sensed that I’m not all that convinced by the “there won’t be a recession” line of argument.
Yea we may experience some slowing, but overall things are solid and steady so the argument goes. But are they really?
For one the earnings outlook picture is deteriorating quickly (never mind the Fed induced vertical rally in stocks):
Continue reading “Something Stinks”
