Thursday, July 12, 2018

US economy great but stocks could turn lower before the economy goes lower

Dennis Gartman reveals his concerns on his recent daily letter. He thinks the ending of QE could be one factor for the markets to turn lower.

"At any rate, the markets are beginning to understand that the experiments with QE have either wholly ended in the case of the US or are being considered for ending in the case of Europe. Markets discount the future and begin to turn higher during the depths of recessions in anticipation of the inevitable and eventual turn for the better by the economy in question AND markets turn lower rather far ahead of the inevitable and eventually turn for worse for the same economy."