US Equities: Rich Valuations, Insiders Selling

The insider transactions ratio is the most bearish since June. Meanwhile the median stock price is higher than it was preceding two previous crashes.

Maybe stocks are rather fully valued in expectations of The Recovery™.

Happy days are here again. For some.

Central Banker's Joke:

Q.  How many monetary policy errors does it take to destroy the world's greatest middle class?

A.  How many do you need?

 

None.

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