The US is in a recession.
Quarterly earnings by publicly traded corporations have fallen for SIX straight quarters. That covers a time of 18 months.
This has never happened outside of a recession.
Against this economic backdrop, stocks are in “la la land” rallying to new all-time highs.
The more earnings fall while stocks move higher, the BIGGER the bubble gets.
Stock bubbles are formed when stocks detach from fundamentals. By the look of things, this hit in 2015. And is has gotten significantly worse since then.
At current levels, the S&P 500 needs to fall almost 40% to catch up with earnings.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the public.
To pick up yours, swing by:
Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
via http://ift.tt/2aoTyBq Phoenix Capital Research