Since rebounding sharply from the March lows, the markets have re-entered a manic melt-up phase where no news is so terrible it can’t send prices higher.
The NASDAQ is green on the year now, for crying out loud. How is that even possible since, between then and now, GDP has fallen by 30%???
In an attempt to understand these increasingly non-sensical markets, we’ve once again asked the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, for their latest perspective.
Market Update: Maximum Stupid
Since rebounding sharply from the March lows, the markets have re-entered a manic melt-up phase where no news is so terrible it can’t send prices higher.
The NASDAQ is green on the year now, for crying out loud. How is that even possible since, between then and now, GDP has fallen by 30%???
In an attempt to understand these increasingly non-sensical markets, we’ve once again asked the lead partners at New Harbor Financial, Peak Prosperity’s endorsed financial advisor, for their latest perspective.