In this in-depth interview with financial analyst Brian Pretti, he explains from an institutional money perspective the factors driving the stock market higher and why valuations may get far more stretched as sovereign wealth funds, pension funds, and global capital desperately seek return in an environment devoid of many options.
Offloading risk onto the state does not make the risk vanish; it simply concentrates the risk of collapse into the state itself.
Since 1981, every August the great and the good from US and international monetary circles travel to the small but well-known Rocky Mountain resort of Jackson Hole to enlighten one another as to how best to manage or micromanage their respective economies.
The U.S. dollar is in an uptrend
Jim welcomes back Eoin Treacy, Global Strategist at Fullermoney, a division of Stockcube Research Ltd in London. Eoin sees stocks breaking out and bonds breaking down, with the dollar in an uptrend. He also believes we are nearing a global tipping point in the markets, with the US market in ascendancy. Eoin also discusses “crowd money psychology” as the basis for predicting markets. He talks about how crowd sentiment influences markets, both up and down. Crowd psychology and how it applies to financial markets is also the subject of Eoin’s soon-to-be-released book.
This question is on all market participants’ minds. Attention is now centered on whether the process will begin, as some FOMC participants have suggested, as early as the September FOMC meeting.