When “Mother’s Milk” Runs Dry

Jon Alternative Media, Blogosphere, Economy, Fiscal Policies, Market Commentary

For the third time in six months, US equity markets have exuberantly decoupled from earnings expectations thanks, in large part, to jawboning and coordination from Central Banks. With stocks near record highs despite the earnings “mother’s milk” expectations tumbling, one can’t help but wonder, asCNBC’s Bob Pisani did this morning, given the comments from Evans, Lockhart, and Bullard, “It’s possible the Fed has seen the market reaction and become alarmed by the complacency.”

This post was published at Zero Hedge on 03/23/2016.