Multiple contraction….not usually something that happens in bull markets so…..maybe….what if….could his be now a….. pic.twitter.com/HywyMrMB3a
— M/I_Investments (@MI_Investments) November 9, 2018
The S&P 500 $SPX has finally spent multiple days above the 200d moving avg after spending 13 days below it.
Here's the past 20 years and every time $SPX finally got above the 200d for 2+ days after at least 13 days below it.
Not as overly bullish as I would have thought. pic.twitter.com/F5ajy0GGCf
— OddStats (@OddStats) November 9, 2018
Given the two crashes in one year and the recent #FANG blow up…how much cash do you think Mutual Funds are holding? How about the lowest ever!
More over their allocations to Stocks remain among the highest ever.
We’re in one of the longest economic expansion cycles in history and nobody’s happy. It’s mind blowing. You’d think 2018 would have people dancing in the streets. 3.7% unemployment, record stock market prices. Well the ladder until recently that is.
So let me rephrase: What happens if you have record buybacks, record dividends, and record earnings but 89% of assets yield a negative return in US dollar terms? No really that’s just what happened:
— Bianco Research (@biancoresearch) November 8, 2018
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