As BofA Global Research put it this morning: "Hoping that either fundamentals will improve at record speed, or that they simply don't matter is a real risk, given markets' inability to decouple from recessions in the last 90 years."
— Lisa Abramowicz (@lisaabramowicz1) May 27, 2020
— M/I_Investments (@MI_Investments) May 27, 2020
S&P tested and failed both the 3000 (#psychological resistance) and the 200-dma (#technical resistance) yesterday. #Market will try again today. It needs to close and hold above that level to confirm a break. Should get the algo's going to push markets back toward Feb levels. pic.twitter.com/GPAbOpd7Ep
— Lance Roberts (@LanceRoberts) May 27, 2020
Delinquent cred cards & auto loans pic.twitter.com/wpB27nOitH
— Win Smart, CFA (@WinfieldSmart) May 26, 2020
Corporate layoffs haven’t even started yet. They do this week and will ramp heavily through the fall. Stock market has never been a bigger joke. https://t.co/onXleo4BL1
— hks55 (@hks55) May 27, 2020
Yields on the long end continue to tick higher. Equities are doomed. Corporate layoffs, cancelled buybacks, share offerings to raise cash, and higher yields coming to compete with equity returns. https://t.co/7rQVEjh0q3
— hks55 (@hks55) May 27, 2020
Preliminary credit card volume growth -25% YoY in May pic.twitter.com/ChhROrtEbt
— Teddy Vallee (@TeddyVallee) May 26, 2020