THREE SHORTS

Aug 17, 2023

∙ Paid

ONE: I continue bearish on the stock market (particularly NASDAQ) based on:

A. It’s bloated price-to-book value.

B. Recent comments from Grant’s Interest Rate Observer that the bond bear market has far to go.

C. AND related stories that the decline in the CPI will start to reverse (i.e. go higher) led by strong wage rate negotiations from such …

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