Peak Everything
It looks like the everything bubble has peaked. Today should provide the final headlines to cap it all off. The DJ Industrial Average is just below the nice round number of 35,000 which it should close above today.(S&P 500 will probably close above 4400 as well) Tomorrow’s Barrons, WSJ and all the other media can headline that. If you look at the other stock indices, the bond market, the commodities market(see charts of lumber, copper, and the grains) and Bitcoin, everything else has already peaked. I had originally thought the market wouldn’t top out until August but it looks like this is it. It may hold up until Sept. before the big drop starts but for all intents and purposes, the everything bubble has peaked. The air will probably come out slowly at first, and then escalate rapidly from there.
Thanks CM…Your thesis is sound….will “They” allow the market to peak …do they have a choice ?
Pass the Popcorn