Markets On Steroids

The Credit Strategist Blog

Jul 20, 2023

∙ Paid

Stocks are trading as though interest rates are still zero and the Fed still engaging in massive QE. Doug Kass (who writes a terrific column at realmoney.thestreet.com) points out that the Nasdaq is currently trading 38% above its 200-day moving average, the second highest overbought figure in the last 23 years (beaten only by March 2000). Doug also p…

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