
Otavio (Tavi) Costa
@TaviCosta
Oops.
S&P 500 earnings real yield is at its lowest level in a decade!
Prior lows were also times that gold outperformed equities.
What’s different this time?
Stocks have never been at record highs with fundamentals severely depressed.
Never.
Time to buy gold & sell stocks.

Gamma Exposure is at its highest level ever!!!
The previous record was in January 2020, a month before stocks collapsed in the fastest bear market ever.
This market is all greed, no fear!

LOT more of course,
http://www.investmentwatchblog.com/what-could-possibly-go-wrong-2/

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.