The rate cuts have benefitted the most speculative, economically unproductive areas of the mkt - .. so, no rate cuts will take everything in the economy - productive or not - down with it - .. Ha!
Ray Dalio thinks we are not in a bubble based on the following six criteria.
"When I look at the US stock market using these criteria, it—and even some of the parts that have rallied the most and gotten media attention—doesn’t look very bubbly."
🧵👇🏽
1/9