Here are the latest readings from my stock market indicators.
Medium term is rapidly accelerating into overbought territory. I don’t think I’ve seen it ever rise so quickly.
Long term reminds oversold.
The market seems to be celebrating no rate hike. Some hints at negative interest rates. I’ve also seen forecasts for new low yields on the 10-Year treasury. We’re definitely in a never-ending trap where interest rates cannot be raised from the zero bound without negative effects on the market and the economy.