"It's Not The US Economy, It's Just Stocks Stupid!!"

Well... Maybe it was the US economy all along?

 

 

Just ask Jack Bouroudjian from 2,000 Points ago: August 19th - Chair Yellen, please take your victory lap...

Remember, bull markets don't end because the central bank starts to raise rates — they end when the central bank stops raising rates.

Or maybe when the world realizes the entire rally is smoke an mirrors...

Charts: Bloomberg