A major #divergence between #SmallCap #stocks and HY Credit Risk via @zerohedge pic.twitter.com/wdbloVbDpC
— OW (@OccupyWisdom) June 4, 2018
GLOBAL CREDITS 4/
• this page is from the epic July 2007 Credit Insights from Morgan Stanley…
• "Equities are better than Credits"
• Credit spreads have troughed, but equities still in bull market
• DEJA-VU anyone ? #Matrix #MT_RiskGauge pic.twitter.com/U3yXBhpPez
— KP 🌐 (@MacroTechnicals) June 4, 2018
#S&P #Tech to #Financials ratio has not been this high since the #techbubble via @zerohedge pic.twitter.com/mzsg13eNOp
— OW (@OccupyWisdom) June 4, 2018
#FANGMAN stocks hit fresh highs as investors continue to lean into secular winners 8yrs into current econ expansion. Amazon has crossed $800bn mkt cap for 1st time. Tech returns have been justified by fundamental growth, valuations much lower compared w/prev bubbles, Goldman says pic.twitter.com/7pFeZOfKff
— Holger Zschaepitz (@Schuldensuehner) June 4, 2018
#ETFs may trigger the next panic…. pic.twitter.com/CJ1cVSOWAj
— OW (@OccupyWisdom) June 4, 2018
— Alastair Williamson (@StockBoardAsset) June 3, 2018
US 🇺🇸
Growth expectations indicate the Fed will rase rates further.
Consensus expects 2.8% growth for every quarter until mid-2019, lower unemployment and higher wages.
Beware: most Europe and EM debt shows unsustainable risk-reward ratios at these levels. pic.twitter.com/iD7tkVVXb6
— Daniel Lacalle (@dlacalle_IA) June 4, 2018
Real Yields In Emerging Markets Are Not Showing Attractive Returns vs Developed Markets, Just The Obvious Currency and Inflation Risk.
Falling for the Nominal Yield Trap is Nothing New, But Very Dangerous…. pic.twitter.com/KtKKJZ6U8l
— Daniel Lacalle (@dlacalle_IA) June 2, 2018