The Powell Put is invulnerable after a week of soft economic data actually gives the Fed a concrete reason rates need to ease.
Take utilities stocks, which ended September trading near 22 times earnings, an all-time high. REITs are now at their priciest in three years.
The global economy is heading towards inevitable recession from triple scourges, warned famed economist Nouriel Roubini, sometimes known as Dr. Doom.
Gross claims he gave each of his three kids some priceless “Jennys” seven years ago — but on the condition his grandchildren ultimately inherit them.