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Beauty is in the eye of the beholder and boy does this apply to the art market! Speaking of the art market, Sotheby’s has been a good indicator for times to buy or sell the S&P 500 over the past 16-years.
At this time Sotheby’s is hitting a price level where it peaked and the S&P 500 happened to run out of steam.
Is this “Wealth Indicator” sending an accurate signal to stock investors or is it different this time?