While the official recession will likely be dated to Q1 of
this year, I'm increasingly of the view that the down cycle really began some time in the middle of 2018.
I wrote about it in today's @Markets newsletter
bloomberg.com/news/newslette…
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Some things that happened in Q3 2011
-- Real wages started climbing
-- The homebuilder stocks bottomed
-- Stocks/gold ratio turned around
Not only small caps and stocks/gold ratio as noted, check out the ratio of $AMZN to $WMT.
Given how much AMZN has soared lately, the ratio of the two companies stocks hasn't taken out the 2018 highs
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