The financial media want you to believe that stocks have been doing great.
However, stocks have gone nowhere since the end of March. If you want to include the collapse at the beginning of the year as well as the massive short-covering rally, you could argue stocks have gone nowhere since December 2015.
The whole rally feels “suspect” to say the least.
If this is the start of another bull market, why have financial institutions been DUMPING stocks for 17 weeks straight?
Hedge funds, financial institutions, and high net worth clients are all SELLING. No one in the “smart money” category is buying this rally.
Another question… if this is the start of another bull market, why are corporate profits collapsing?
While stocks have bounced hard, earnings have been falling steadily without so much as a pause. This rally isn’t supported by fundamentals in any way.
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