twitter.com/VolatilityQ/status/1388146489881411585
Is this about today's monster selloff? pic.twitter.com/guY3SBQDQY
— Hipster (@Hipster_Trader) April 30, 2021
$spx sentiment pic.twitter.com/4Z3DBjBIm0
— VIX Squared (@vixsquared) April 30, 2021
Derivative Contracts Held by Fed-Insured Banks Have Exploded from $737 Billion to $4.1 Trillion
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.
Insiders Selling Shares and Four More Bad Signs for the Bull Market, According to This Strategist
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