Chart of the Day: 2017 Is the Shallowest Year on Record
This chart is making the rounds on Twitter right now. Liz Ann Sonders (@LizAnnSonders), Chief Investment Strategist at Charles Schwab, brought it to our attention. It shows the maximum drawdown in the S&P 500 each year going back to 1914 with our current year the shallowest in history.
Combine that with not a single US stock showing up in Ben Graham's "deep value" screen and record levels of borrowing by individuals to buy stocks at these prices and you have an interesting set-up in the making.
About FS Staff
FS Staff Archive
|07/16/2018||Russell Napier Warns of Global Monetary Breakdown||story|
|07/11/2018||Chris Puplava: Near-Term Weakness, Overheating in 2019||story|
|07/09/2018||Felix Zulauf: US-China Trade Conflict Likely to Get Worse Before Final Deal||story|
|07/06/2018||What We're Reading This Summer||story|
|07/05/2018||A Stagflationary Storm Is Brewing, Warns Greg Weldon||story|
|06/29/2018||Record Short Squeeze May Cause Oil to Spike Further, Says John Kosar||story|
|06/27/2018||Podcast: Former Vegetarian, Nina Teicholz, on Why Butter, Meat, and Cheese Belong in a Healthy Diet||story|
|06/27/2018||Jim Puplava: Europe & Emerging Markets Are the Next 2 Major Economic Landmines in the Global Economy||story|
|06/26/2018||Is Oil on Its Way Back to $100?||story|
|06/25/2018||Ari Wald: Late Cycle Doesn’t Mean End of the Cycle||story|