A historic collapse in Chinese Equities.
Traders are dumping everything – fearing "nothing is safe".
Among the rubble: some of the best Stocks of all time – near their most extreme oversold levels ever.
All other panics led to career-making rallies – is this time different? pic.twitter.com/S4kPGOZRbg
— Macro Charts (@MacroCharts) July 27, 2021
Investors are ignoring that chinese stocks are imploding, just a matter of time before it spills over into the US market. pic.twitter.com/EPCYRfQFuL
— HOZ (@MFHoz) July 26, 2021
I'm on the inflation side but this chart concerns me.
A yuan devaluation is one of the main deflationary risks today.
I know you heard this over and over again… but something is indeed unraveling.
Chinese banks and ADRs are in big trouble.
PBOC will be forced to act. pic.twitter.com/bXRCqOIg8k
— Otavio (Tavi) Costa (@TaviCosta) July 26, 2021
Margin Debt at Record levels – When those Margin Calls come in … BOOM #StockMarket pic.twitter.com/wq85wnNExF
— ᗪOᑕ ᕼOᒪᒪIᗪᗩY (@doc_tradez) July 26, 2021
CPI less food, energy and used cars & tracks
👀 @PriapusIQ pic.twitter.com/QF2TkK6H1h
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 26, 2021
This is a dead summer's market…except for the ongoing obliteration of Chinese Tech stocks on MASSIVE volume. Which now has caused Emerging Markets to go negative on the year (not shown).
Here we see Chinese Tech stocks heading for a re-test of the 2020 lows: pic.twitter.com/A13zz68uVq
— Mac10 (@SuburbanDrone) July 26, 2021
Goldman Lowers Q3 US GDP Forecast From 9.5%To 8.5%, Cuts Q4 Economic Growth Forecast To 5%; ExpectsGoldman Expects US Growth To Slow To 1.5%-2% By 2H 2022
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 26, 2021
The ratio of US new to existing home prices is below one. This trend doesn’t bode well for existing-home price appreciation.
Source: @MizuhoAmericas pic.twitter.com/q6OsD5EN6J
— (((The Daily Shot))) (@SoberLook) July 27, 2021
Markets Starting To See ‘Lunatic’ Fiscal Policies Coming Out of White House
Economist Stephen Moore discusses the markets’ reaction to the Biden administration’s “lunatic” fiscal policies during an appearance on “Varney & Co.” Monday, saying he’s “a little more pessimistic” about the country’s economic recovery amid Democrats’ big spending push.
Fed Now Facing Twin Inflation, Growth Risks As Virus Jumps and Supply Chains Falter
A U.S. Federal Reserve divided over how to respond to fast-rising prices meets this week with the fresh complication of increased coronavirus infections and a global supply chain that, far from sorting out its problems, may be headed for more inflation-inducing trouble.