Editor's Note: Below is a brief excerpt and chart from today's Early Look written by CEO Keith McCullough. Click here to learn more about the Early Look.
Here's what happens when you have GROWTH and REFLATION (yes, I’m going all caps on bears now) accelerating, at the same time, like you’ve seen since the SEP 2017 breakout in Oil.
Oil Up = Reflation + Rates Up. “Groovy, baby!” -Austin Powers
Austin Powers, International Man of Mystery is 1997, baby! That’s when “valuation bears” shorted the US stock market at a lower P/E “multiple” than we have today and… 1998-1999 is history (see Chart of The Day for details).
