Recovery? 3 "Uncomfortable Truth" Charts

[John Adams]

Recovery? 3 "Uncomfortable Truth" Charts

Presented with little comment aside to suggest one scratch beneath the thinning veneer of record nominal stock prices every once in a while to take the temperature of the ugly reality that no one is talking about...



FACT: There is a record divergence between the 'market' and plunging growth expectations

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2) Stocks are at record highs because employment is 'improving'...



FACT: There is a record divergence between the 'market' and the employed population in America.





FACT: There is a record divergence between the exuberant 'rich' and crushed 'middle class'

Bonus Chart:

Stocks are at record highs because... of The Fed!





And stocks have not been this far ahead of the Fed Balance Sheet since May 2013's Taper Tantrum correction began...