If the credit impulse matters as much as it has done in prior cycles, then we haven’t even seen the beginning of the bond rally.

If the credit impulse matters as much as it has done in prior cycles, then we haven't even seen the beginning of the bond rally.

Weekly out -> https://t.co/aGNCuVP4dg pic.twitter.com/nuL55zYtci

— Andreas Steno Larsen (@AndreasSteno) July 25, 2021

Just to put things into perspective: S&P trades at ATH: 179 trading days have passed since the last 5% S&P 500 drawdown. pic.twitter.com/q2bB0pycBG

— Holger Zschaepitz (@Schuldensuehner) July 25, 2021

#recession … #StockMarket #Bubble edition

This is sustainable… 😂 https://t.co/Lm0ebJatvI

— Invariant Perspective (@InvariantPersp1) July 25, 2021

St. Louis Fed Financial Stress Index measures -0.9812 in the week ended July 16, down slightly from a week earlier (0=normal stress) https://t.co/Laj1vp01AT pic.twitter.com/bNHVN1B5ak

— St. Louis Fed (@stlouisfed) July 25, 2021

#recession … #StockMarket #Bubble edition https://t.co/Zclyqp9QFW

— Invariant Perspective (@InvariantPersp1) July 25, 2021

$spx earnings yield pic.twitter.com/aj9tuhQScN

— Álvaro Oviedo (@alvoviedo) July 25, 2021

Yep, I went 7x on my calls. Many thanks.

— Briton Roberts (@BRob365) July 25, 2021