Hey guys I have to admit that I am totally confused as to exactly what armstrong is predicting next few years
He is on record as saying that the broad market will keep going much much higher because the money that comes out of bonds will have to go somewhere and that only place is equities
But then for the next 3 years he is saying bonds are going to totally crash worst since 1931
https://www.armstrongeconomics.com/international-news/rule-of-law/custodial-risk-in-new-york-city/So you are saying equities will just keep cruising higher as bond markets default and collapse ? In 1929 they sure didn't
But then he is also saying that the January 18th 2020 cycle turning point might INVERT and instead be a HIGH for equities
He also saying that the negative yielding debt is a time bomb that is going to explode worse than 2008. 2008 mortgage backed securities was a tiny fraction of what's coming
https://youtu.be/SYvE9L_KZ9wSo what exactly is the forecast from him. Totally confused
The call by Armstrong is for the Dow to make a high In January 2020 in line with the ECM, a high this week with a low the week of 12/02 will confirm this, with a drop back going into 2021(2nd quarter)