Can you believe this has been the best quarter for US stocks since 1998? pic.twitter.com/KMdJsME4w9
— Daniel Lacalle (@dlacalle_IA) June 30, 2020
Tech stocks are priced for perfection.
Most have forgotten how cyclical this sector is.
Highly doubt the macro environment is going to justify these valuations. pic.twitter.com/KpDH35zBVd
— Otavio (Tavi) Costa (@TaviCosta) June 29, 2020
Market, show me you care.$AAPL $SMH https://t.co/yJO6cemaWA
— Samantha LaDuc (@SamanthaLaDuc) June 30, 2020
CONSUMER CREDIT COLLAPSE pic.twitter.com/hSrWTG3jbA
— Win Smart, CFA (@WinfieldSmart) June 30, 2020
The latest Business Roundtable CEO Economic Survey reveals that only 27% of participants feel their businesses will recover by 2021. Sentiments overall have dipped to decade lows. https://t.co/U8VYzeM3Hn pic.twitter.com/gEjkDJivgg
— Win Smart, CFA (@WinfieldSmart) June 30, 2020
Households falling behind on auto loans, credit card loans, and mortgages https://t.co/9n0Uz2hqjf pic.twitter.com/RCoZwAXVh6
— Trevor Noren (@trevornoren) June 30, 2020
“Our economists forecast that the worst of the labor market weakness is likely behind us; however, the projected path is far from a V-shaped recovery,” making it tough on the consumer, JPMorgan strategists say. https://t.co/tRYFOizSQG
— Win Smart, CFA (@WinfieldSmart) June 30, 2020
#China's #steel sector activity slipped back into contraction in Jun after expanding in May for the first time in a year.
Steel production picked up while demand weakened. Steel mills' inventories surged.https://t.co/MernMKBFGB— YUAN TALKS (@YuanTalks) June 30, 2020
Quarterly Hedge Fund Liquidations Rise to Highest Since 2015
About 304 funds closed in the first quarter, HFR data show
Startups totaled 84, the lowest quarterly estimate since 2008
— Gin Lane Securities (@GinSecurities) June 30, 2020
40% of businesses on Yelp closed for good
House Passes Bill to Prevent Homelessness Crisis ‘Like We’ve Never Seen in Our Lifetimes’
The Emergency Housing Protections and Relief Act of 2020 allocates $100 billion to emergency rental assistance programs and creates a $75 billion relief fund for homeowners.