Monthly Archives: November 2018

US Markets. The Debt Bet. 5 questions. Interest rate cycle turn.

https://wolfstreet.com/2018/10/16/who-bought-the-1-6-trillion-of-new-us-national-debt-treasury-securities-foreign-domestic/ Investors in US equities should no longer be under illusions about what is the main driver of the rally since 2009. Debt, and government debt in particular. Attribution was examined in detail here: http://chrisbelchamber.com/stock-market-rally-attribution-debt-dependence-cyclical-risk/ The S&P 500 has left … Continue reading

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