I'll wait for a market pullback to restore some value, which I am sure will happen.
The inventory/sales balance has reached a level where the need to restock has returned.
For real economic activity, more will be needed.
There's no such thing. Get over it.
Energy, technology, debt and demographics should not be considered independent of each other.
The corrective inventory cycle of earlier this year appears to be over.
FOMC is not ready to make the same mistake it did before in driving up market expectations.
The election of Trump plus strong non-farm payroll numbers have made a world of difference.
Markets are less shocked by these events, and there's an increasing consensus on how to price their effects.
Adults not in the labor force hit 95 million for the first time in the month of November.

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