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Episode 178: Friday the S&P500 rose above its 200dma for the first time this year; however, I remain cautious and expect the market to move lower. I believe the past month of optimism was founded on rising oil prices, but it’s unlikely that oil has bottomed because global growth remains stagnant. The problems with growth won’t be resolved by negative interest rates in Japan and Europe; on the contrary, negative rates reveal how deep the problem is.
Anemic growth in developed democracies can best be summed up using Europe’s death spiral formula: 7/25/50. Europe has 7% of global population (in decline); 25% of wealth (in decline); and 50% of welfare spending.
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Hosted by John Pugliano. The Wealthsteading Podcast provides stock market commentary and investment insight based on 10 simple wealth building principles.
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Copyright © 2016 Investable Wealth, LLC. All rights reserved. This podcast is for informational purposes only and is not intended to be a solicitation, offering advice or recommendation of any security. This podcast does not intend to provide investment, tax or legal advice. The content is strictly the observations and opinions of Investable Wealth, LLC. The information in this podcast is not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. Investable Wealth, LLC is an investment advisory firm licensed in the State of Utah.
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