..economic data provided evidence the U.S. economy is heading into the second half of 2018 with strong momentum
This echos the mainstream views and general sentiment back in mid-2007 - just as the credit crisis was burgeoning.
Such complacency is required for major tops in economic cycles and financial markets invariably top on good news, not bad news. That's precisely why bear markets and economic recessions catch virtually everyone by surprise. The next one will be no different.
