Market shrugged off geopolitical chaos and tech meltdown. Forward earnings at all-time highs, copper still climbing.
Either we're pricing in flawless execution and zero policy mistakes, or we're ignoring the debt pile and assuming nothing breaks. I've seen this confidence before — usually right before something does.
Either we're pricing in flawless execution and zero policy mistakes, or we're ignoring the debt pile and assuming nothing breaks. I've seen this confidence before — usually right before something does.