The Maley Report
The Maley Report Podcast
Slower economic growth is bearish for a (still) expensive stock market. (Duh)
0:00
-19:20

Slower economic growth is bearish for a (still) expensive stock market. (Duh)

The economy is weakening and earnings are falling. This is not good a tall for a stock market that is still very expensive.....The stock market cannot trade at 20x forward earnings (or even close to that) without major liquidity injections...and the Fed is signaling that they won't be providing those injections.