It is starting to look like employers have bought into the animal spirits and market psychology euphoria and are hiring at precisely the worst possible time as the hard data is signaling an upcoming downturn in the overall economy.
The tail risk is beyond any finance models ever constructed right now, literally every stock in the world could go to zero given the Flash Crash of 2012 was only a temporary event, and we are at much bigger levels of the historical asset bubble now, and the Central Bank Unwinding Stage is just beginning.
We discuss Politicians on both sides of the aisle and the propensity for overpromising and under delivering, and what this means for the stock market longer term. Paper Profits do not count for much in the end. You can buy Dogshit Stocks at all-time highs, but then you are stuck with Dogshit Stocks at all-time highs in your portfolio.