Second Quarter GDP Shrinks a Record 33% - Markets Shrug it Off and Rallies!

It is officially, there is no stopping the bull (aka the Fed) in the U.S. stock market. I say this with some sarcasm, but maybe just a little bit of belief.

A very bad Q2 GDP number was expected, however to say it was priced in would be in error. The S&P 500 is less than 10% off all-time highs and the Nasdaq made new highs during the pandemic.

There is a clear disconnect between the economy and the market. That disconnect is likely the gov't fueled debt rally provided by the fed.

Being setup for slaughter?

I can't help but feel millions of retail investors are being setup for financial slaughter. Being fattened up with bubble like gains as the momo crowd piles into the game in the later innings.

With another stimulus bill on the table, who knows how long this debt drunken party can last. At some point the hangover will come.....cus the hangover always comes. Its why I don't get wasted on the weekends like I used too!

Posted Using LeoFinance