Daily Charts - Bonds are cheap, stocks are not
1.Why is oil/energy going down?
Take a look at industrial metals -- they are both saying the same thing... demand issue $WTI Crude Oil - main 2410(CLmain)$
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2.Buying at the bottom of a Bear Market typically involves making a judgement about valuations resetting to cheap levels...
But it isn't as simple as just spitting out a certain number (context matters) -- this chart shows wide variety of "cheaps"
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3.Bonds are cheap, stocks are not. $S&P 500(.SPX)$
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4.Markets move in cycles
-the stockmarket is no exception
-rolling real returns show it in action $S&P 500(.SPX)$
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5.Valuation Mean Reversion is a key concept for active top-down investors, and while it doesn't always work, here are a few historical paragons of valuation mean reversion
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https://x.com/Callum_Thomas/status/1834306200130785341
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