Citigroup's "US equity strategists’ panic/euphoria model is approaching euphoria, which, historically, has led to negative returns over the next 12 months." pic.twitter.com/y4AaS3dEJE
— Lisa Abramowicz (@lisaabramowicz1) May 14, 2020
Bigger picture ..this market has been sideways since 9 April
It is sucking longs, and shorts pic.twitter.com/5uBmLge1AM— Tracy Shuchart (𝒞𝒽𝒾 ) (@chigrl) May 14, 2020
'U.S. junk defaults will surpass 11% by year-end, even with Fed support. Within two years, that number will reach at least 21%. The market is currently pricing in a 12-month default rate of 8.1%.' https://t.co/PEBb8jETD1 via @WhatILearnedTW
— Jesse Felder (@jessefelder) May 14, 2020
JPMorgan's U.S. credit card holders spent 40% less due to coronavirus – Reutershttps://t.co/FODjA0X3KL
— Open Outcrier (@OpenOutcrier) May 14, 2020
Facts: QE didn't make Japanese stocks do much of anything.
QE didn't make Euro stocks do anything for the last 7+ years.
QE didn't do much for US stocks ex-tech.
But most people think QE makes stocks go up. ¯_(ツ)_/¯
— Cullen Roche (@cullenroche) May 14, 2020
Fed Bank of Minneapolis President Neel Kashkari doesn’t expect the economy to snap back quickly from the coronavirus pandemic. https://t.co/tm6Hdouldt
— Real Time Economics (@WSJecon) May 14, 2020
https://twitter.com/Alex10050409/status/1261063016839286784
FED'S KASHKARI SAYS A 'V'-SHAPED RECOVERY IS OFF THE TABLE
— First Squawk (@FirstSquawk) May 14, 2020
Japan’s Abe says world economy faces ‘once-in-a-century crisis’
Abe made the remark while lifting some coronavirus restrictions