Do you want to fight the Fed or do you want to buy the most expensive market in history? pic.twitter.com/paQpJmNeTY
— Sven Henrich (@NorthmanTrader) August 10, 2020
— jeroen blokland (@jsblokland) August 10, 2020
If $SPX is to follow the 1965-80 analog:
– It hits new ATHs late'20 – early'21
– Even AAII bears are now convinced it is a new bull market: FOMO sets in
– Bearish reversal takes place second half'21
– SPX drops below '20 low
– A new long-term bull market starts mid'22
— Yuriy Matso (@yuriymatso) August 10, 2020
— Teddy Vallee (@TeddyVallee) August 10, 2020
Good Morning from #Germany where stocks have decoupled from the economic activity. Germany's benchmark index Dax is just 8% off All-Time High, even though the economy is trading at 2010 levels. pic.twitter.com/F5yAJWrRKl
— Holger Zschaepitz (@Schuldensuehner) August 10, 2020
BANK PROVISIONS pic.twitter.com/LYlbzSjc0t
— Win Smart, CFA (@WinfieldSmart) August 10, 2020
— Lance Roberts (@LanceRoberts) August 10, 2020
Rate of recovery is slowing as the UK economy heads for recession … TIMES
A lifting of lockdown restrictions helped business output rise for the third consecutive month in July but the pace of recovery is slowing t.co/YQoIvo7RFF
— Trading Floor Audio (@TradeFloorAudio) August 10, 2020
All kinds of weird records are being broken. But it’s scheduled to expire, and then what?
Consumer debt to GDP spikes, but why did credit card balances plunge and new delinquencies decline?
Washington lawmakers are deadlocked on what aid to include in the next coronavirus stimulus package. But $1,200 stimulus checks seem to be one feature they can agree on. The problem is that that money won’t carry Americans very far, particularly when it comes to rent payments.
The Fed, European Central Bank, Bank of England and Bank of Japan threw out the rule book to add unprecedented support to ensure markets could continue to function.
Disclaimer: This information is only for educational purposes. Do not make any investment decisions based on the information in this article. Do you own due diligence or consult your financial professional before making any investment decision.