When "Mother’s Milk" Runs Dry
By Tyler Durden
For the third time in six months, US equity markets have exuberantly decoupled from earnings expectations thanks, in large part, to jawboning and coordination from Central Banks. With stocks near record highs despite the earnings “mother’s milk” expectations tumbling, one can’t help but wonder, as
And just in case you think earnings don’t matter, here is the technical side of things – The S&P 500 is over 6% above its 50-day moving-average, the most since 2012 and at a level that has historically indicated a notable and tradable pull back…
It appears the analog continues to play out…
Charts: Bloomberg
Source: When "Mother’s Milk" Runs Dry
Posted March 23rd, 2016 in Uncategorized.
