Kaeppel's Corner

Jay Kaeppel

5-13-2021 at 12:05 pm

Credit Spreads Suggest the Easy Money Has Already Been Made

We keep hearing about how the economy is heating up. And the implication is that this is good for the stock market going forward. But the stock market is a discounting mechanism. One important indicator suggests that much of the impending "Good Economic News" may already be priced in.

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