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The Great Disconnect: PSW Navigates a Top-Heavy Rally on the Eve of the Fed
Welcome to your daily PhilStockWorld recap, where we cut through the noise to see what’s really moving the markets. Today was a classic case of cognitive dissonance: record highs on the screen, but a flood of warnings bubbling up from beneath the surface. The theme of the day, set by Phil’s morning post, was the dangerous disconnect between a "silly" market rally and the shaky economic ground it’s built on.
The Morning Call: "This is Just Getting Silly(er)!"
Phil kicked off the day by questioning the very foundation of the current market highs. With the S&P 500 up nearly 12% since June, he…
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