What did we learn today?
1. Fed days are invitations to squeeze the stupid short money, and
2. Equity market wont get really hurt until credit markets (high yield) demand more QE and Powell refuses.
3. Junk is currently closed to new issuance. That suggests July we gets real.
— Stimpyz (@Stimpyz1) May 4, 2022
This maybe bad stats but still a decent stab. Each $100b of #Fed #liquidity added circa 50 pts to #SPX. Fed slated to withdraw $95b per month over 2 years.. that means a 27% fall in #WallStreet Woah! pic.twitter.com/6bcaJe72uV
— CrossBorder Capital (@crossbordercap) May 4, 2022
BUBBLE MEASUREMENTS
courtesy Ray Dalio pic.twitter.com/D5S3lSN2l1— Win Smart, CFA (@WinfieldSmart) May 4, 2022
We are 7 times more leveraged than we were in 2008. Crisis to Crisis .
Bad news is we're at war, more lockdowns, cultural wars, food shortage, energy crisis, recession, trade deficit.
Hey, but stonks soared on this 7 times to the downside move pic.twitter.com/cA6rBKrVbw
— Wall Street Silver (@WallStreetSilv) May 4, 2022
Global Central Bank Update:
-UK: 25 bps hike to 1.00%
-India: 40 bps hike to 4.40%
-US: 50 bps hike to 0.75%-1.00%
-Hong Kong: 50 bps hike to 1.25%
-Saudi Arabia: 50 bps hike to 1.75%
-Brazil: 100 bps hike to 12.75% pic.twitter.com/arsRk39nh7— Charlie Bilello (@charliebilello) May 5, 2022
Each post-FOMC rally has been getting weaker among Financials.
Bulls, this is what your wife has been trying to tell you. pic.twitter.com/NQFDPMntrF
— Mac10 (@SuburbanDrone) May 4, 2022
Real estate gone nearly silent. A real estate agent who was getting almost a 100 inquiries per month barely had 5 in April. Mortgage rates went from 1% towards 6% in a year.
Inflation. Double digits. More energy price hike notices for June.
Solidarity for Ukraine, EU will fade.
— Peter ⚒ Spina | Gold & Silver Maximalist (@goldseek) May 5, 2022