Is this about today's monster selloff? pic.twitter.com/guY3SBQDQY
— Hipster (@Hipster_Trader) April 30, 2021
— VIX Squared (@vixsquared) April 30, 2021
According to the OCC’s most recent “Quarterly Report on Bank Trading and Derivatives Activities,” for the quarter ending December 31, 2020, equity (stock) derivative contracts at federally-insured banks and savings associations have exploded from $737 billion (notional or face amount) since the Wall Street banks last blew themselves up in 2008 to $4.197 trillion notional as of December 31, 2020. That’s a staggering increase of 469 percent in just 12 years.
Deluard points out that the level of stock gains we are seeing now is unprecedented, with one exception: the Great Depression. After passing 4,000 points for the first time this month, the S&P 500 is on track to soon double its COVID-19 pandemic low of 2,237 points 14 months ago.
Someone spent $500,000 for an NFT of a meme that exists for free on the internet. pic.twitter.com/ZUaMRqwHee
— Sven Henrich (@NorthmanTrader) April 30, 2021
the FED wants to create a new cycle inside another bubble.. will it work? last desperate move from the FED
— Alessio (@AlessioUrban) April 30, 2021
We heard the exact same "lack of supply" bullshit during the 2007 housing bubble; so regulators promoted new construction. In reality demand had been pulled forward by low rates. When demand collapsed, there was record supply.
These are the lowest mortgage rates in history: pic.twitter.com/JO2jVl4Cfq
— Mac10 (@SuburbanDrone) April 30, 2021
Savings rate has spiked again … now at 27.6% as of March (highest since last summer) pic.twitter.com/HyuecUKXMc
— Liz Ann Sonders (@LizAnnSonders) April 30, 2021
A Record 34% Of All Household Income In The US Now Comes From The Government t.co/tthMdTOqxc
— zerohedge (@zerohedge) April 30, 2021