Call me old fashioned, but this isn't a sign of a market bottom #notinvestmentadvice t.co/E08mlsHhka pic.twitter.com/yLanAjwocH
— Axel Merk (@AxelMerk) April 11, 2023
I've seen a lot of these declarations in the past year following big rallies.
Some day they will be correct, but in my view, based on history, a new bull market is not confirmed until $SPX moves above the monthly 20MA and SUSTAINS such a move, i.e. defends it as support. t.co/9VEWJ9KsuY pic.twitter.com/xzveLVeR7H— Sven Henrich (@NorthmanTrader) April 14, 2023
JPMORGAN CEO DIMON: THERE WILL INEVITABLY BE A RECESSION.
— Breaking Market News (@financialjuice) April 14, 2023
TGA is dropping $130b per month & dropped -$50b this past week.
At this pace the government will be out of of money in 2-3 wks. Means the FDIC won't have any capital for insured deposits & complete shutdown of government.
Still no mainstream news organizations reporting on this t.co/9gerIEqnJQ
— Financelot (@FinanceLancelot) April 13, 2023
The government is almost out of cash. t.co/8aRtWsZchO
— Sven Henrich (@NorthmanTrader) April 14, 2023
Investors Put $538 Billion Into Cash Funds Over Eight Weeks: Bank of America
Investors have moved $538 billion into cash funds over the past eight weeks as they pulled money out of bank deposits after the collapse of Silicon Valley Bank, according to Bank of America figures released on Friday.
US Industrial Production Limps Home At Dismal 0.53% YoY As Retail Sales Decline -1.0% In March
The US economy is barely chooglin along at a dismal 0.53% YoY (but 0.4% MoM in March). As the Covid “sugar rush” that caused a surge in Industrial Production in April 2021 of 16.56% has…