Published May 26, 2023
Below are excerpts from Blaine Rollins’ latest collection of market and economic observations and data. There continues to be an extraordinary lack of consensus around any market narrative. Thus, we keep chopping around mostly sideways in the broad market while the heavy-hitters of the market are perceived as the safest bet to make in the stock market. Stocks have strong competition also as short-term debt instruments offer 5%+ returns for little to no risk. At some point, this all breaks down. But that breakdown could well be a surge of money into the rest of the stock market which one of Blaine’s sources below shows is rather cheap these days. Given that such an outcome is talked about relatively little, perhaps it’s the most likely destination for stocks? (more…)
