When it comes to market sentiment the nation is violently ambivalent. The unofficial meme of the week has been the idea that markets are in a “bubble” of some sort but no one knows exactly what kind of bubble or where it’s located.
The Dow Jones Industrial Average (INDEXDJX:.DJI) traded above 16,000 for the first-time ever and the S&P 500 (INDEXSP:.INX) hit 1,800, up 26% for the year.
Investors are passionately confused, which is usually when people start getting hurt. In the attached clip, Bespoke’s Paul Hickey applies actual data to try to make the noise somewhat useful.
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