78% of fund managers say the market is overvalued. Smart money is now considered as dumb money.

78% of fund managers say the market is overvalued via @WinfieldSmart pic.twitter.com/q9C5psf5Ev

— Steve Burns (@SJosephBurns) June 25, 2020

Hedge funds & investors don’t trust the Ponzi scheme

Smart money is now considered as dumb money pic.twitter.com/p1EzxVrsz9

— Alessio (@AlessioTMAD) June 25, 2020

Investors are demanding the least extra yield to own energy junk bonds vs the broader high-yield debt market since early February. pic.twitter.com/Xo83CtAzwl

— Lisa Abramowicz (@lisaabramowicz1) June 25, 2020

The volume of world trade plunged a staggering 12.1% in April. On an annualized basis, it has now fallen by >$2tn in just 1 month, with no V-shaped rebound in sight https://t.co/sGUajuZI7O pic.twitter.com/8SQtz8BxOD

— Holger Zschaepitz (@Schuldensuehner) June 25, 2020

Impossible to Sugarcoat Disastrous Unemployment Claims

Initial claims rose by 1.48 million but continued claims at 19.52 million tell the real story.

The economy is on life support of $600 federal unemployment checks.https://t.co/wXDCEo3a1j

— Mike "Mish" Shedlock (@MishGEA) June 25, 2020