Great Depression in a single tweet. 1920-1928 was a period of avg growth including 2 recessions. The stock market did 4x between 1921-1929(leveraged purchases). Valuations did not reflect economic reality. Fed hikes-stocks collapse-aggregate demand collapses & rest is, history. Fast Forward 100 years. Over past 9 years the SP500 was up 2.3X. US Real Economic growth avg 2% at same time. History doesn't repeat but does rhyme. Valuations didn't reflect economic reality and even after a brutal 2022, they still don't reflect reality.

Lets play a little game.......what you see is the UK y/y house price change. We going to guess what happened from macro-standpoint around these 4 turning points in house price trend....who wants to play? #trading #economics Point 1: #BOE increases there QE programme by additional 50bn and signals more easing to come in pipeline in order to ensure inflation doesn't drop below 2%

Im going to give you a free trade opportunity today but first a free lesson in market observation....
Why are the bonds offering, despite the aggressive sell-off in risk? If you can answer this then the easiest trade opportunity will present itself... I will give you a clue......what is the play for bonds if the democrats clean sweep the election next week?