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Posted by
Two Blokes May 20 -
Filed in
General
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#TwoBlokesTrading
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6 views
Despite Wall Street's optimism, I see the S&P 500's rally as disconnected from economic reality, given high valuations and looming headwinds. Rising long-term interest rates, spurred by the US credit downgrade and massive fiscal deficits, threaten economic growth and stock valuations.
