Retail investors finally went all in… yesterday. They loaded up on leveraged long ETFs and dumped leveraged short ETFs. As a result, the Rydex Total Leveraged Bull / Bear Ratio is now more extreme than at the February peak. pic.twitter.com/21ptAzLqJI
— Yuriy Matso (@yuriymatso) June 24, 2020
I can't believe I missed this up til now. That's a MASSIVE divergence. Now let's keep in mind that this IS the Nasdaq we're talking about here, which as we all know has supernatural powers that enable it to defy every bearish technical indication known to man. But wow. $NQ_F pic.twitter.com/dYFPqJDZun
— Apollo Trading (@apollotradingsd) June 24, 2020
"The disconnect between economic reality and what is happening in the market is starting to close a little. That was really to be expected as we have seen one headline after another raise concern. That will have a real economic effect."#FoxBusiness https://t.co/GBZmvNTowI pic.twitter.com/1mMfgddr9m
— Danielle DiMartino Booth (@DiMartinoBooth) June 25, 2020
US equities comfortably and consistently outperformed global equities over the past decade. The next decade will not be so easy…
https://t.co/QS4ZQBcw0A pic.twitter.com/njRpMd5RnN— Topdown Charts (@topdowncharts) June 24, 2020
Comps shoring up cash to survive coronavirus pandemic have raised >$50bn in US high-yield debt market in Jun, marking fastest monthly pace ever, BBG says. The milestone came amid sales by American Airlines and Dish Network on Wed that pushed total to $51.9bn. pic.twitter.com/BERCee4KF8
— Holger Zschaepitz (@Schuldensuehner) June 24, 2020
Lol it will be this year. https://t.co/4sFKilphBC
— Hoz (@Hoz94s) June 24, 2020
HTZ CDS Auction values bonds at 26 cents. This implies an equity value of about -$3BN
— zerohedge (@zerohedge) June 24, 2020