THE TWO BEST GROWTH DRIVERS ARE GONE

Think back to the Fall of 2014. The S&P 500 had marched from a 2008 low of 666 to 2,018 with barely a hiccup. Tim Cook had just announced the much hyped Apple Watch, and when combined with Carl Icahn’s shameless pumping, retail (and hedge fund investors) were busy pushing the world’s largest stock to even more absurd levels. Earlier that summer, Yellen …