Market update – Posted this chart last Thursday. Nothing has really changed. Market lost upside momentum on the back test so just waiting on it to roll over for the move into the X region. pic.twitter.com/esWDuHTHnA
— Puff Dragon (@PuffDragon11) March 30, 2020
And again.. like last Friday.. the market is floating without volumes pic.twitter.com/msqMpgdhTO
— A.Urban (@AlessioUrban) March 30, 2020
Look at the trade volume for today. It hasn’t been this low in a minute. I would not count the gains for today quite yet because a big downward shift or sell off could make the market plummet. To me it seems like everyone is in wait and see mode and don’t want to make decisions too hastily
If markets stay as they are today – it'll be one of those rare days when the US dollar rallied by more than 0.5% on the same day US stocks & US bonds also rallied. Only happened on 12 other occasions since 2016…
…but more ominously it was a common feature of 2008$SPX $USD pic.twitter.com/YBSdqvad8w
— Viraj Patel (@VPatelFX) March 30, 2020
$198bn of buybacks (equivalent to 27% of ’19 spend) have already been suspended
— THE LONG VIEW ⚫️ (@HayekAndKeynes) March 30, 2020
AC