We've seen a HUGE reversion to the mean so far this year with Eurozone stocks UP 24% and International Stocks stocks overall UP 14% while the S&P 500 is DOWN 1%. This comes after 16+ years of US outperformance, the longest run in history.
Video: https://t.co/zecrH3F8aJ
After a 22% rally from the April 7 lows, the S&P 500 is now up on the year. One of the biggest short-term comebacks in market history. $SPX
https://t.co/l5IYmkeySJ
Columbia Prof. Sachs on the US trade deficit:
"The trade deficit DOESN'T represent trade policies. It represents spending relative to production."
US CONSUMPTION + INVESTMENT + GOV'T SPENDING EXCEEDS GDP. This results in a TRADE DEFICIT.
US TRADE DEFICIT=MADE IN THE USA.
The US sold China over $1 Trillion worth of Treasury Bonds that are now worth less than $800 Billion and yet people still think China outsmarted them...