Postcards Weekly: Take the Over
There is so much new money coming to this economy in 2025 that it's going to make your head spin (and push us back to record levels for the S&P 500).
Dear Fellow Expat:
The S&P 500 continues its charge toward 6,000.
And if you want to understand just where we sit in this insanity…
Consider that 25 companies in the S&P 100 are trading above 50x earnings.
And there are ZERO out of those 100 companies trading UNDER 10x earnings.
This is when the perma-bears start roaring, and expectations for a market crash in 2025 become the talk of financial publishing.
But what if I went out of my way to not only increase my projection for 2025 above 6,250… (I’m starting to eye the 6,500 level for the end of next year).
But also tell you to watch all the Wall Street banks.
Whatever the consensus is for 2025, let me give you two words that mean you’ll need to take over.
Quantitative Easing.
The signs are clear, dear friends, that the Fed is set to unleash its sixth wave of stimulus within the next three quarters. This week, I’ll discuss the coming wave and the justification for doing so.
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It’ll be a hell…
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