| | You are receiving this as part of your free subscription to Critical Signals Report. To remove your email from this list, unsubscribe here. | | | | | | Monday, December 30, 2019 | Party on New Year's Eve? By Matt Piepenburg | Welcome back to What's Happening Now, our last Monday report for an eventful year in which equity markets reached for the stars in an undeniably strong year-end rally which we called in early October.
Investors are closing out 2019 $6 trillion richer, with the S&P 500 Index up 29% and the Nasdaq up a whopping 36% heading into the last two trading days of the year-a classic melt-up driven by low rates, bail outs and money printing.
No shocker there-debt and bailouts are the Fed's new "growth industry."
So, out with 2019 and in with 2020.
The bustle of a New Year is often refreshing. That sense of a fresh-start at midnight this Tuesday can seem cleansing as we leave another Fed party behind us while reaching for champagne with friends and family.
It's striking to us though, as we close 2019 and page through the Main Street Media, that another recession seems almost unimaginable - priced out for some given the yearend rally, or ruled out by others as just unthinkable.
Stated otherwise: All is well... Party-on this New Year's Eve... for hope breeds eternal, no? | | | | You are receiving this email at its028@gmail.com as a part of your free subscription to Critical Signals Report
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