Small caps, a big testament for the real shape of the economy.
Russell 2k to Nasdaq ratio is now near all-time lows.
About to retest the tech bubble levels.
The big difference this time:
Small caps already peaked 2 yrs ago.
They've been trending with lower highs since then. pic.twitter.com/SURxO2J6S8
— Otavio (Tavi) Costa (@TaviCosta) September 29, 2020
Small Business Job Index pic.twitter.com/6FSUYkl6mK
— Win Smart, CFA (@WinfieldSmart) September 30, 2020
Recent-vintage #leveragedloan defaults are indeed seeing lower recovery levels, as market bears had suggested, what with the prominence of cov-lite and other borrower-friendly deal structures during recent credit cycle https://t.co/uXogNjC0xH #highyield pic.twitter.com/DdwBCTvuC5
— Leveraged Loans (@lcdnews) September 30, 2020
Small Business Gross Revenue hit pic.twitter.com/b97obWnxiY
— Win Smart, CFA (@WinfieldSmart) September 30, 2020
10% of PPP loans helped a lot pic.twitter.com/Y5SxPeuXj8
— Win Smart, CFA (@WinfieldSmart) September 30, 2020