Bull markets, bubbles and Swiftonomics

“It was the best time, it was the worst time, the era of wisdom was the era of foolishness,” wrote Charles Dickens. This is appropriately capturing the dislocation between political events and the market of the market with our progress next week.

The closure of the United States government has disturbed its concerns about its negative impact worldwide, but it does not seem to have led to the ease of morale in the main stock markets. It seems that the political stalemate in Washington, DC, is ready to continue next week, with fears of the Trump administration Use the freezing of financing to reduce roles permanently And cancel specific projects.

While there is a lot of research on what the expanded closure can mean for stocks, the main American and European indexes have recorded record levels. This comes at a time when the fund flows on the data from Bank of America, where 26 billion dollars were transferred to the global stocks during the week ending in the first of October, with a record of $ 9.3 billion in the technology sector.

But in the midst of this optimism, another narration grows. An increasing number of market participants warns that bubbles are formed in parts of the market, where some say this may lead to a greater correction in the market.

Saksu’s warning is “Don’t predict, prepare.” In a recent note, the bank said, “The mood cannot be more conflicting. Stores are hovering near record levels … However, consumer morale is still close to historical levels,” which encourages investors to diversify to protect from instability.

There are red flags in the credit markets in particular. “Squawk Box Eurobe“Their recent poll showed that credit investors have one of the” largest excess weight in the date of 20 years “for this poll, warning of increasing concerns about market bubbles.

Last week, the auto parts manufacturer in the United States first applied for bankruptcy after the disclosure of a $ 12 billion debt pile by using the financing of the papers outside the balance. The famous short Jim Chanus He told the Financial Times “We will see more of these things”, warning against the increasingly increasingly echoes of the mortgage crisis.

The bubble that does not seem at risk of explosion is the bubble that was formed around the Bob Taylor Swift, who won many awards. Her latest album “The Life Of A Showgirl” was released all over the world on Friday after months of anticipation for the masses. She follows her tour of the standards of the standard age, which amounted to $ 2 billion in ticket sales alone.