4 stats to wet your Risk appetite:

📢 S&P 500 NTM P/E cut 30%
📢 Pres. Cycle Q4 of year 2 ➡️Q2 of year 3 = greatest
gains since 1932
📢 10/31 of year 2 ➡️ 10/31 of year 3 avg. 21%, NO
DECLINES eva’
📢 S&P 500 1st yr. bull mkt avg. = 42%

Quantitative Tightening #2

This is 2nd QT Operation; the first began as a passive program in 2015 and ended in 2019, prior to the Covid-19 crisis. The QT program began again in June 2022, through a more active Fed process that involves not just allowing maturing assets to roll off the balance sheet, but to include active asset sales to counter…[Read more]