Negative yields on debt in the developed world are flashing warning signs for the global economy
I begin with a confession. I am a broken clock when it comes to predicting the outlook for financial markets, and especially the outlook for the US stock market. A broken clock shows the same time. However, in one respect, I am worse than a broken clock. With a broken clock, one knows the two occasions on which it would show the correct time every 24 hours. With my predictions for the stock market, I cannot even be sure when (and if) I would be right. So, you stand forewarned.