There are a lot of paradoxes in financial markets and in the economy at large. From the Northman Trader at northmantrader.com:
We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently that is.
So let me rephrase:
What happens if you have record buybacks, record dividends, and record earnings but 89% of assets yield a negative return in US dollar terms?
No really that’s just what happened:
The short answer is: Nobody knows because it has never happened before.
