🔎Are these the final innings of the ETF bubble?

Probably not. But I feel the time has come to protect oneself from getting caught in its aftermath.

You can’t adequately describe this bull market without pointing to the extraordinary level of fiscal deficit spending. The US Treasury is still net spending 6% of GDP every year, a silly amount that used to be unthinkable outside of major recessions. This deficit creates demand for economic growth, household income growth and corporate profit growth. It…