- All factors are indicating an artificially created asset inflation.
- Earnings are expected to decline with economic outlook being constantly revised downwards.
- Gold is gaining alongside stocks which confirms that all assets are inflated.
Amidst all the turmoil from BREXIT, negative interest rates and global downward economic growth forecasts, the S&P 500 has reached a new high. On Monday it closed at 2,137.16 points, overtaking the previous high of 2,130.82 from May 21, 2015. The Monday record was surpassed again on Tuesday and Wednesday, with Wednesday closing at 2,152.43. More →