The Market Is At Max Dissonance (Video)

|
Includes: DIA, IWM, QQQ, SPY
by: Macro Ops

Summary

Both risk on and risk off assets are rallying.

One of these groups will be wrong.

U.S. equities are extremely overvalued from a long-term perspective.

This week's Market SitRep - Max Dissonance begins with a discussion of the "risk on, risk off" phenomenon where both defensive and offensive assets are catching a bid. We then take a hard look at long term equity valuations and explain why holding dry powder is more important than ever before.

A pdf of the presentation can be found here.

Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.