US stocks are at their most expensive levels in over two decades, mirroring the dot-com boom, followed by a 50% S&P 500 crash. The Federal Reserve's firm stance on higher interest rates and bond-market turbulence has made the equities market cautious, leading to a dip in the S&P 500's year-to-date gains. Michael Pento, President of Pento Portfolio Strategies, warns that the stock market is significantly overpriced, citing high price-to-sales and total market capitalization to GDP ratios. One of the critical issues he highlights is the overly optimistic earnings projection for 2024, which anticipates a 12% growth in earnings. Even if inflation remains at low single digits, achieving a 12% earnings growth appears increasingly unrealistic.

Adding to the concerns, Michael highlights issues related to the reverse repo facility and the presence of stressed bank assets. There are over a hundred billion dollars in stressed bank assets, which he describes as "festering." These assets were provided to banks at par value despite trading at a fraction of their actual worth. The Federal Reserve's plan to return these assets to the banks is anticipated to bring significant financial stress to the banking sector.

We bring you the latest news, insights, and analysis on gold, silver, and copper. Our videos cover a wide range of topics, including gold price, gold prediction, gold price forecast, silver price, silver price prediction, copper price, market trends, investment strategies, and industry news.

We share interviews from experts like Rick Rule, Peter Schiff, Mike Maloney, Lynette Zang, and many others. Stay up-to-date with the world of finance and make informed decisions with our expert insights. Subscribe now and never miss a video!

Credit: Liberty & Finance
"There Is No Pain-Free Escape" | Michael Pento
[ Ссылка ]

#gold #goldpriceprediction #michaelpento #useconomy #silver

свернуть