Equities meandered somewhat aimlessly into the new week, as traders and investors eyed key US data and a sparse calendar of Fed speakers including Barkin, Williams and Quarles. One bank wonders if folks are becoming "delusional." "[One] way to show the paucity of prospective returns is to consider a 60/40 portfolio, where we proxy equities returns by long term earnings yield (1/37= 2.7%) and bond returns by the current 10-year yield (1.5%)," SocGen said, in their Q3 asset allocation outlook. "

Get the best daily market and macroeconomic commentary anywhere for less than $7 per month.

Subscribe today

Already have an account? log in

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

8 thoughts on “Delusions

  1. “Eventually, delusional Americans will stop being delusional and elect a Progressive.”

    What makes you so certain of this? Fox News is still the most watched “news network” (classified under entertainment news) in the country. I personally have given up any faith that Americans can break the hate habit and start using their brains for more helpful purposes like thinking.

    1. I half-heard the result of a recent poll on the radio this morning. It was reported that 57% of GOP voters believe that the pandemic is now over versus 4% of Dems.

  2. Fox may be the most watched cable news network, but that is because it is the only choice,
    if you want news from a conservative viewpoint.

    Most Americans still watch MSM network news and CNN and MSNBC combined have more viewers than Fox.

    However, there is no question that Fox continues to drive the pro-Trump conservative narrative.

    1. So if Fox News is the only choice to watch if you want the Conservative viewpoint, the programming on that network informs quite a bit about what the Conservative viewpoint is. Big business = must be protected and enriched, Christianity = the only religious option, Abortion = worse than anything else that happens in this world, The White Man = a victim of everything that ever happens in this country, Police = Never lie, cheat, steal, or murder, Minorities killed by police = had it coming, Democrats = The enemy of the country, Progressives = Socialists who are destroying YOUR country.

      Yeah, I’m sure someday these people are going to vote a progressive into power. gigantic eyeroll

NEWSROOM crewneck & prints