BOOM:
Welcome to the largest asset bubble of all time:
US market cap vs GDP now 205%.
Even if you exclude the Fed's balance sheet as a driving factor this market is coming in at a blistering 150% market cap to GDP.History of sustainability: Zero. pic.twitter.com/3ye3DFcfAG
— Sven Henrich (@NorthmanTrader) June 29, 2021
ICYMI
Banks got busy raising dividends pic.twitter.com/zDbxxIHMra— Tracy (𝕮𝖍𝖎) (@chigrl) June 29, 2021
By the end of this month the balance sheets of the 4 major central banks will have exceeded $30 trillion. pic.twitter.com/6dYhVg5fbu
— Sven Henrich (@NorthmanTrader) June 29, 2021
While everyone is looking at lumber and declares inflation has peaked and is transitory here's steel which is hardly used for anything at all: pic.twitter.com/CQhMYjoOHZ
— Sven Henrich (@NorthmanTrader) June 29, 2021
LABOR SHORTAGE pic.twitter.com/eynz6zJVbh
— Win Smart, CFA (@WinfieldSmart) June 29, 2021
Dry Bulk Shipping pic.twitter.com/rH22dqN5aQ
— Win Smart, CFA (@WinfieldSmart) June 29, 2021
Actual headlines today:
FED'S KASHKARI SAYS BANKS CAN'T EXPECT GOVT. TO BAIL THEM OUT OF EVERY CRISIS.
74 COUNTERPARTIES TAKE $841.2B AT FED'S FIXED-RATE REVERSE REPO
— John Tuld (@BradHuston) June 29, 2021
BUST:
Tech fund outflows continuing to accelerate @SoberLook @BankofAmerica @EPFR pic.twitter.com/U2fxUPWm1Q
— Liz Ann Sonders (@LizAnnSonders) June 29, 2021
$NDX breadth pic.twitter.com/DrUKTw4RAJ
— VIX Squared (@vixsquared) June 29, 2021
$SPX put/call ratio 10d pic.twitter.com/C8cjArNWPx
— VIX Squared (@vixsquared) June 29, 2021
something to pay attention pic.twitter.com/3mOhSxGHMH
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) June 29, 2021