Multiple Data Points Are All Bad

More importantly, you can see how while the PPI usually bobbles up and down from month to month, over the past year it has been a steady positive drumbeat of surging prices. Simply stated, the recent past bears no resemblance to the years before, unless you go back to the days of Richard Nixon.

Weirdly, the massively-overvalued NASDAQ Composite exploded above its past lifetime high (red line) only to stall and tumble back down below it. C’mon, stocks – are you insane or not?

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