There goes another record. 40% of S&P 500 members have RSIs above 70. Highest level in the history of the data! Macro, fundamentals & technicals all pointing to trouble ahead for equity markets. pic.twitter.com/jhfOxKMskZ — Otavio (Tavi) Costa (@TaviCosta) June 8, 2020 Stocks Have Not Been This Expensive in 19 Years The S&P 500 is … Read more
by AveenoFresh Kroger is the second largest grocer in the store behind Walmart. Their earnings are on the 18th. Let’s make some comparisons SpartanNash (SPTN) is an American food distributor and grocery store. They already reported earnings and beat estimates by $0.20/share. It had a 23% run-up before earnings ($16s -> $20s). Let’s also consider … Read more
Since 1929 Selloffs of 35% with an 85% recovery within 74 days has only happened ONCE Other selloffs have Average 1.5 years andonly happened 7 times in nearly 100 years So yes this is the stupidest market you will ever see 😘@DiMartinoBooth @agurevich23 @OpenOutcrier — Reminiscences of an American Capitalist (@4Awesometweet) June 8, 2020 If … Read more
by SpontaneousDisorder Here in the UK the government created a furlough scheme which pays employers 80 percent of their wages not to work (the same amount is received by the furloughed employee). This basically means an employer can layoff an employee almost for free, a pretty good deal during an economic collapse and government imposed … Read more
OUR MARKET IS MOST INSANE AMONG DEVELOPED COUNTRIES pic.twitter.com/Horzhv2Cl9 — Win Smart, CFA (@WinfieldSmart) June 8, 2020 $HTZ is currently 52% higher than its closing price the day before it filed for bankruptcy, despite no expected equity recovery. $600+ million market cap of complete air What a market we are in — Nate Anderson (@NateHindenburg) … Read more
no matter how much credit central banks inject into global markets – social chaos erupting across western world as depression unfolds https://t.co/761RrQfr8x — Alastair (@StockBoardAsset) June 7, 2020 CHAOS IN BRÜSSELS https://t.co/fg9ToUbG4o — The_Real_Fly (@The_Real_Fly) June 7, 2020 food bank line continues to grow in Timonium, md pic.twitter.com/jnAESXbYMC — Alastair (@StockBoardAsset) June 7, 2020 https://t.co/cYAG3Hz2gt … Read more
https://www.youtube.com/watch?v=omCMOIVeFI4 Widespread angry protests, a pandemic that doesn’t seem to be slowing on the timeline health experts expected, and an economic slump into a New Great Depression are just a few of the markers of modern day America. However, optimists across the country continue to anticipate a return to normal life sooner rather than later. … Read more
He thinks cruise, oil and airlines are manipulated. He also said he will call Mnuchen to talk about this rally. h/t voltcraft_r
Decisions need to be made when there are not enough resources to go around through the shrinking supply chain. Labor shortages and unharvested crops mean out of season crops will not be available leading to a “hunger gap” of seasonal availability. Tunisia on par to smash record crop yields in 2020 with a history of … Read more
https://www.youtube.com/watch?v=c0Rq2gB9KEE Andrew Trunsky from The Daily Caller reports, President Donald Trump suggested a pardon Thursday of political operative Roger Stone, who is set to report to prison at the end of June. Trump has expressed his frustration over Stone’s case in the past, calling his sentencing in February an “abomination of justice.” Read More/Source/Credit/FairUse: https://dailycaller.com/2020/06/04/do…
by logicallav Investment in stocks is a tough and complex process. Before you go through this checklist, I must point out that no checklist can be a magic wand that transforms the process of finding valuable stocks into a quick, leisurely process. Think of it as a route map that you can use to focus … Read more
by Singularitytracker It’s interesting the yields on long dated treasuries have popped in the last few days
by reddit_user456 https://www.nytimes.com./2020/06/06/upshot/coronavirus-economic-crisis.html Interesting Article, a quick summary: Things most of us here are already aware of : $500 billion PPP and temporary lay-off play big roles in the new employment numbers Many layoffs happening in industries not affected by the pandemic, indicating rippling effect on demand Other interesting economic events: New orders for manufactured … Read more
by achicomp Even billionaire investors are caught out like retail bears. Back on May 12: https://www.cnbc.com/2020/05/12/risk-reward-for-stocks-is-maybe-as-bad-as-ive-seen-it-stanley-druckenmiller-says.html Legendary investor Stanley Druckenmiller says he doesn’t like the way the market is set up Hedge fund manager Stanley Druckenmiller told the Economic Club of New York on Tuesday that, “the risk-reward for equity is maybe as bad as … Read more
by BuzzLima Be Careful Greed Index Now: 69 Very GREEDY https://money.cnn.com/data/fear-and-greed/ Greed returns to Wall Street as stock market rebounds https://www.cnn.com/2020/06/01/investing/fear-greed-index/index.html Greed overtakes fear in the stock market, but don’t be lured into this short-lived rally https://www.marketwatch.com/story/greed-takes-over-fear-in-the-stock-market-but-dont-be-lured-into-this-short-lived-rally-2020-04-07 Buy Fear, Sell Greed: A Simple Phrase to Make Money https://www.thebalance.com/how-fear-and-greed-make-money-4118989 Remember, Fools Buy when Cabal Sells… See chart https://i.pinimg.com/564x/60/a3/90/60a390ae9ba44ccab4638bc3318b55f0.jpg … Read more
FYI, this doesn’t happen at the beginning of bull markets. 😉👇 https://t.co/R2tn4RAXMx — George Gammon (@GeorgeGammon) June 8, 2020 The biggest US junk-bond ETF saw its largest-ever inflow last week, of $3.5 billion. “There is an expression that you should never fight the Fed. But what the market has learned is that you do front run them.” … Read more
"Don't forget. The Fed can't print jobs and the Fed can't print cash flows." @KeithMcCullough @Hedgeye — Ken McCarthy (@KenMcCarthy) June 8, 2020 🤔👇🤦♀️ pic.twitter.com/X2hxsvFJLI — M/1_LP (@MI_Investments) June 8, 2020 Atención!! https://t.co/T6M6RlRIcx — Danielle DiMartino Booth (@DiMartinoBooth) June 8, 2020 U.S. will see 'meaningful recessionary impulse' if more than 40% of jobs are permanently … Read more
I’m sure it’s NOTHING. https://t.co/btC0Pfk373 — Danielle DiMartino Booth (@DiMartinoBooth) June 8, 2020 What happens if/when a second wave occurs? Watch Arizona, cases are surging now and their hospitals are now at their limit. How will they flatten the curve? Another shutdown? Or, will they go the Sweden route and do nothing? https://t.co/30Ob6wnWRF pic.twitter.com/3V7wDjDqKT — … Read more
by Venus230 That’s not fit to print. This is the propaganda arm of the Communist Party.
Take a look at the markets. They’re doing fantastic. Nothing can bring them down thanks to Jay Powell and the crew. They have our best interests in mind because they care. They’re working hard to give money to companies in need and that will help out individuals because they can keep their jobs. Except, what … Read more
via americanthinker Nothing better reveals the depth of the madness afoot in the land than the demands to defund or completely abolish the police. It’s bad enough for airhead celebrities, something worse for the formerly prestigious New York Times, and downright alarming for office-holders state and federal to indulge the fantasy that the thin blue line is all the separates us from anarchy, … Read more
https://www.youtube.com/watch?v=1Vta8E_pLDU
The most powerful form of persuasion is fear. Democrats are simultaneously proposing eliminating the police while other Democrats are beating people to death on video. The GOP campaign ads write themselves. — Scott Adams (@ScottAdamsSays) June 8, 2020 Why is there a major push to “defund police”. Do people not see how idiotic that is? … Read more
It shows how CNN wants to keep own agenda against any logic. it’s from 2016, but it’s still very up to date. h/t nosceteiplum
https://www.youtube.com/watch?v=gGky-nUBZwg&list=WL&index=2&t=0s Cristina Laila from The Gateway Pundit reports, President Trump on Thursday evening ripped into RINO Senator Lisa Murkowski of Alaska. Former Trump administration Secretary of Defense Gen. James Mattis blasted President Trump over his handling of the George Floyd protests and riots in comments published by the Atlantic on Wednesday. Read More/Source/Credit/FairUse: https://www.thegatewaypundit.com/2020/06/president-trump-rips-rino-senator-lisa-murkowski-vows-travel-alaska-campaign/