Bear market for stocks already underway, recession coming.
Great report by @bkollmeyer via @MarketWatchhttps://t.co/UmTQkI7fJX pic.twitter.com/39CLB9VR5X
— Otavio (Tavi) Costa (@TaviCosta) February 27, 2019
The last few days we have witnessed tons of $VIX call buying taking advantage of mispriced $VVIX.
Today, there has been stealthy Put buying in the $SPX options markets.
People finally feel some uneasiness about this ramp on fumes & hopes & bubbles
See below SPX volume & PCR pic.twitter.com/CrKqwdwJBk
— Kerberos007 (@kerberos007) February 27, 2019
In terms of seasonality, could the stock market repeat spring 1997 weakness in March and April? pic.twitter.com/RCIm41DOAo
— Alastair (@StockBoardAsset) February 27, 2019
POWELL: OUTLOOK FOR U.S. ECONOMY IS A POSITIVE ONE
but we are doing an abrupt policy U-turn and bringing up crisis policy for shits and giggles…
— Michael Lebowitz, CFA (@michaellebowitz) February 27, 2019
As @BullandBaird points out, the past 4 days on $SPX have seen an absurdly thin closing range (within 0.13% of each other).
Here's every time that's happened since electronic trading began in 1983.
ZERO major drawdowns over the next 5 days and check out those 6mo returns. pic.twitter.com/Ik4HtzTG2Z
— OddStats (@OddStats) February 27, 2019
Our good friend JP Morgan is selling some stocks right now particularly in emerging markets and the Euro area. Do you think it’s wise that they’re buying JUNK bonds?