Thanks to the Fed companies are even more levered AFTER the crash than before. The coming wave of defaults looks like it is going to be brutal. BofA cautions on fake markets.

Thanks to the #Fed companies are even more levered AFTER the #crash than before. pic.twitter.com/A6lmZ87WTH — Lance Roberts (@LanceRoberts) May 26, 2020 The coming wave of #defaults looks like it is going to be brutal. pic.twitter.com/j3hNPlEavv — Lance Roberts (@LanceRoberts) …

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Prepare for a bear market: A bailout does not boost a challenged business model, it just zombifies the economy. A new wave of #volatility is on the horizon…

Bailing out banks, autos, or airlines will not make them profitable nor change the recent earnings and margin trend. A bailout does not boost a challenged business model, it just zombifies the economy. pic.twitter.com/KefPtyAhae — Daniel Lacalle (@dlacalle_IA) May 25, …

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Next Week’s Financial Calendar

by UAoverAU Eastern times. TUESDAY, MAY 26 8:30 am Chicago Fed national activity index for April (March -4.19) 9 am Case-Shiller home price index for March (Feb. 4.2%) 9 am FHFA home price index for March (Feb. 5.8%) 10 am Consumer confidence …

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What could possibly go wrong? The number of accounts, trading activity, and options speculation has never been higher among the bored-at-home-wearing-sweatpants crowd.

It's a retail investor trading orgy. The number of accounts, trading activity, and options speculation has never been higher among the bored-at-home-wearing-sweatpants crowd. pic.twitter.com/zr7ZIG22PE — SentimenTrader (@sentimentrader) May 23, 2020 Your ETF stat of the day… Number of Robinhood users …

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What angers me more than anything is Powell going on national television saying he has no limits he can buy everything. This just further incentivizes people to do the things that causes the economy to need never ending intervention stimulus moral hazard no growth inequality

https://twitter.com/hks55/status/1263893715803922433 Hertz Likely Filing Ch 11 + Robinhood Bagholders Story: https://www.wsj.com/articles/hertz-preparing-bankruptcy-filing-as-soon-as-friday-night-sources-say-11590182538 Robinhood holders buying the shit out of this as the stock cratered: https://robintrack.net/symbol/HTZ If someone did an inverse ETF for the top 20 Robinhood holdings I’d consider buying it. The dumpster …

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If You Think We Are Going To SPX ATH This Year On The Macro Data & Political Risks We Are Facing Than That Is Fine – It’s Your Side / View I Am Happy For The Liquidity To Take The Other Side

https://twitter.com/VolatilityQ/status/1264112350308769792 Volume spiked in March and is now falling. SPY's volume is now -64% below its 3 month average, while the S&P is under its 200 dma When this happened over the past 20 years, U.S. stocks ALWAYS pulled back …

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