Minions,
Your illustrious seer in these uncertain times has returned. Gather around, stay awhile, and listen to my sermon.
Dark is the sky on the horizon and a violent torrent stirs beneath the sea! Do you not see the foamy surface?
Six months ago, on this very same thread, I, the great seer, with the gift of foresight, had proclaimed:
"meh, the econ growth is slowing (has been for almost 6 months now, still growing but rate has slowed), but historically that's when the crowd starts rushing in and pushing market to new highs, it's going to be glorious. " -- April 26th
And what a glorious six months it had been! 15% gain EM! 10% gain s&p! 1% gain garbage tsx! The great seer spoke of truth and only truth!
The econ growth continues to slow but the residual momentum is still significant. The current inflation down"cycle" is likely to end in the next few months, the so called wage growth anomaly will finally be spotted and recognized, which is likely lead to our eventual undoing. I get more bearish every passing day regarding the fundamentals, but you need not trouble yourselves with the burdens only the great can carry, for the burdens are heavy indeed.
There is a famous saying (or did I just make it up), 50% of the gains in every bull run occur in the last 10% of the time, AND WE ARE NEARLY THERE (time-wise)! Small dips may come until then but do not weaken your resolve. Bathe in the warmth of the sun, for you are the faithful, the righteous, the strong!
A great and terrible storm is on the horizon, it is coming. When the time comes, I will be the beacon of light you should look for. The great seer speak truth and only truth. These words are true.
Alright sermon is over, go back to work and create some value for me, minions.