resistance is futile Wall Street Bears folks now they're throwing in the towel and they're joining what it's become I'm calling it an American block party right because the optimism is actually everywhere I mean this is the stock market participants you can see optimism here occasionally it's gotten to this point this goes back about to 15 years but it's rare Above This dotted line is Rari air this is a combination of all the market sentiment absolutely through the roof but it's not just Market particip folks these are your CFOs right CFO confidence actually spiking and here's
the good thing optimism about the US economy right here look at this big move people are really excited this the highest level since March of 2021 which is an interesting date because it's not just CFOs how about the farmers that's right the farmers the a economic barometer it is soaring the highest level since May of 20121 you've got two things here right current conditions right here made a pretty good move 18 points but look at the future what they're expecting wow up 37 points again CFOs Farmers everyone excited about what's happening not just in America
but obviously in the stock market and well let's face it what's not to like when you talk about the stock market 20124 1980 right now neck and neck for the best election year performance in history ever ever couple of weeks left we'll see how that goes and so when you see something like this what automatically comes in your mind people want a piece of the action well how about this records I mean by far records going all the way down about cash it's just cascading into this Market it doesn't stop people writing checks every single
day they want a piece of the action and when all of this is happening well you know what happens next it Powers right it Powers the market higher but it's not now just cash you've got help you got two other things helping here BuyBacks your yellow line here coming on pretty strong and of course Wall Street expects earnings to play a big role so this is not all just sort of good feeling kind of stuff people do have things that they think are going to help Propel this from a fundamental point of view still the
purist are out there there's a few of them left folks the purist what are the purist saying well they're saying look at the valuation so these are your different markets around the world right China down here being the cheapest market right now trading at 8 9.8 us over here trading at 23 times uh 17 is your average so you can see it's more it's more expensive than any other country in the world but maybe maybe it should be expensive then there's one other thing that bothers a whole lot of people and this is not just
with the stock market it's called Murphy's Law let's call it the kundin the commons are always out there at Murphy's Law what do they say hey what can go wrong now it's a snide remark but guess what they've been saying that since October 2022 and so far not a lot has gone wrong
