https://twitter.com/leadlagreport/status/1560683383654596608
https://twitter.com/MFHoz/status/1560629549054173184
In August 2008 people were bullish stocks when oil leveled off after its first decline.
It wasn't until oil started its 2nd leg down on September 2nd that the panic began. https://t.co/iCd0ryRbV1
— Financelot (@FinanceLancelot) August 19, 2022
Current situation:
1. $SPX trading like the bear market is back
2. Treasury yields trading like $SPX is at 5000
3. Housing market topped like the crash has just begun
4. Fed’s raising rates like there’s no recession
5. Earnings are weak like it’s 2001
This can’t end well.
— The Kobeissi Letter (@KobeissiLetter) August 19, 2022
— George Noble (@gnoble79) August 18, 2022
Latest #Fed #liquidity injections show further drift… #WallStreet inching lower pic.twitter.com/mausShyeDW
— CrossBorder Capital/ GLIndexes (@crossbordercap) August 19, 2022