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Data Still Pointing to Higher Equity Prices

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T-Bill/10yr Treasury Spread Forecasts A Continuing Expanding Economy

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The Fed Is Behind The Market On Rates

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Indicators Pointing to Continued Growth

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Today’s “Worry”: Trade War, 1929 Crash…..Yada Yada Yada

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Psychology, Economic Activity and Prices

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The Fog of Volatility

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The 10yr/T-Bill Spread Positive For Equities

The 10yr/T-bill spread is telling a different story than the media….

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The Dollar, Auto Sales and S&P 500 Intrinsic Value Update

“Davidson” submits:

Equity prices have a long history of rising on positive surprises. Many believe markets to be an ‘efficient’ pricing mechanism of all that is known and unknown. If they believe this, then it is surprising that they are willing to pay more for unexpected positive news.

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Wicksell’s Natural Rate, Market Rates and Market Psychology

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Chemical Activity & Tbill Spread Indicate Higher Markets Ahead

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Rising Pessimism With Improving Economic Fundamentals Create Buying Opportunity

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S&P vs T-Bill/10yr Rate Spread Update

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Markets Do Not Peak Until Spread Shifts To Zero