'The ripple effects of 10 million or more jobs permanently lost rule out any hope of a quick economic bounceback.' https://t.co/ghyPVpBca3
— Jesse Felder (@jessefelder) May 26, 2020
Citigroup Panic/Euphoria model flashing extreme euphoria
BofA Bull & Bear Indicator flashing extreme bearishness
>30% of SPX companies suspended EPS guidance
Reggie Bush (who's Mom got a house while he was in college) is against paying college athletes
Talk about confusing pic.twitter.com/vrvt0qGqWf
— Ryan Detrick, CMT (@RyanDetrick) May 26, 2020
Economists: you can’t artificially prop up the economy forever
The Fed:
— Morning Brew (@MorningBrew) May 26, 2020
We don’t know what earnings will be but there’s no yield anywhere so we pay whatever. https://t.co/EenxAX9uzs
— Sven Henrich (@NorthmanTrader) May 26, 2020
As is usual, the devils in the data are always in the details. Income expectations for the next 6 months as per today’s Conference Board consumer confidence survey dropped in May to a 7-1/2 year low. Same level as May 2008 when that recession was but 1/3 of the way through. pic.twitter.com/j1FxOM2zTp
— David Rosenberg (@EconguyRosie) May 26, 2020
The rally in small-cap stocks since 3/23 is deceiving… its been small-cap growth, particularly, small-cap Healthcare and Covid-19, NOT general buying of smaller stocks. https://t.co/eqUW89mpXT @TpaResearch #stocks #investments #wealth #freetrial@LanceRoberts @michaellebowitz pic.twitter.com/aHQRzGJ9QQ
— Jeffrey Marcus (@TpaResearch) May 26, 2020
"We are in the worst economic environment ever. [Despite the Fed,] I think we'll still have a very substantial distress episode. We may have 20% defaults in high yield bonds." https://t.co/NyEd5zxTPy
— Jesse Felder (@jessefelder) May 26, 2020
An Economy That Cannot Allow Stocks to Decline Is Too Fragile To Survive https://t.co/L7bJrEs8Nz
— Charles Hugh Smith (@chsm1th) May 26, 2020
Head scratcher @chigrl
Mobility maps show vast majority of states back at pre-C19 mobility levels.
@Quillintel
@SoberLook pic.twitter.com/6yY0IQiury— Danielle DiMartino Booth (@DiMartinoBooth) May 26, 2020
A composite of no less than 85 US economic indicators just fell 22.3 standard deviations pic.twitter.com/mEYEHpROaK
— Not Jim Cramer (@Not_Jim_Cramer) May 26, 2020
Another indication that, given the current mindset of #markets (#FOMO, high confidence in the #Fed put and optimism to look through the big uncertainties), it takes a lot to disrupt upward moves
Vaccine optimism was a main driver of the strong open. This headline has made no dent pic.twitter.com/zdrdEw1MdZ— Mohamed A. El-Erian (@elerianm) May 26, 2020