This is where I believe we start to see the fractures in the economy,that may affect the markets. Business hotel defaults,large Mall bankruptcies,loan defaults,in a few months this start kicking in … market will open its eyes t.co/vgVQuayZUy
— Peter Tuchman (@EinsteinoWallSt) June 27, 2020
As noted, #earnings #estimates, and forward #expectations, are still much to elevated. @MishGEA had a great piece this week on the #Six #Downside #risks to the market which will lead to a decline in earnings forecasts.t.co/HR3vNzK6OA pic.twitter.com/ih1kBhFyiG
— Lance Roberts (@LanceRoberts) June 27, 2020
"Global trade in goods dropped 12 per cent in April compared with the previous month, the largest fall since records began in 2000" t.co/6Ht7YbvzU0 pic.twitter.com/Cpea1V6qzq
— Trevor Noren (@trevornoren) June 27, 2020
FAAMNG stocks – Someone yelled sell. GOOG, FB, NFLX on a NT sell signal with MSFT and AAPL close – so Monday the first hour will be defining time for the markets – Watch Apple especially. AMZN hit it's target, so that may be turn out the lights time, too. pic.twitter.com/ox77BdOYfn
— David Larew (@ThinkTankCharts) June 27, 2020
"We know the vast majority of Americans lost income even if they didn't lose their jobs. It is this segment of the population that is going to be affected it is no longer to say 'You have to save for a rainy day.' A lot of people will be savers."t.co/VpnteLLeUz
— Danielle DiMartino Booth (@DiMartinoBooth) June 27, 2020
"Stocks only go up"
…until they don't$NDX #NQ_F $QQQ pic.twitter.com/W9Ya2x2ULK
— 𝘬𝘢𝘪 (@MacroTechnicals) June 27, 2020