The only Reason Stocks Have Been Surging

Y/Y growth rate in the money supply and the Fed balance sheet.

Chart Of The Day: Current sell-off vs other bear markets

Source: themarketear

The Current Stock Market Crash vs 2008

If the junk bond - IG yield spread is the judge, this banking crisis hasn't even started yet.

If the bond market is still the smarter one, stocks should fall further over the coming days and weeks

This Bubble Is Substantially Worse, But These Readings Are Similar To The Hight Of The Dot-com Bubble

If Equity Valuations And The Yield Curve Still Matter, This Ain't Great News For 2020.

Risk Assets And U.S. Banks Again Saved By The Fed

Listen To The Bond Market

For more on the U.S. stock market, see my latest article:

Brace Yourself For What Ought To Be The Riskiest October On Wall Street Since 2008

This Ratio Usually Doesn't Climb Much Higher, And Tends To Drop As A Stone Together With The Stock Market

U.S. stock market valuations relative to the treasury yield spread

For more on stock market valuations and the yield spread, see my latest article: 

I've just published a new article concerning monetary policies, debt, and equity valuations. https://t.co/nkfEtwhqAq

— Atle Willems, CFA (@atlewillems) October 3, 2019

The U.S. Stock Market - Let's Party Like It's 1999!

Divergence

Not That Different This Time

Brace For Autumn

Danger

A Turn For The Worse

As of 19 April 2019

Related article: The Price of Inflation

The key driver of broad-based risk asset booms and busts.

Following A Sharp Correction And A Slight Uptick, U.S. Stock Market Valuations Are Back To Dotcom Highs

Starting To Look Ugly: Yield Curve Contraction and Slowing Money Supply Growth

Chart of The Day: An Ominous Sign For The U.S. Stock Market