Unfortunately, there's no telling them that fiscal expansion at the end of the cycle accelerates final collapse it doesn't prevent it.
"There is no means of avoiding the final collapse of a boom brought about by credit expansion" - Ludwig Von Mises
Risk/Reward at this juncture can be summarized thusly:
Extreme breadth divergence across all U.S. markets:
Extreme breadth divergence across all U.S. markets:
The Social Media bubble is over
The Artificial Intelligence bubble is over
Ex-Apple, the Dumbphone bubble is over
The China Tech bubble is over, of course
The FANG bubble appears corrective off of the first leg down:
Short-covering in retail is "end-of-cycle"
FinTech is parabolic:
