Everyone is all in pic.twitter.com/g4ZCpbrwgw
— Alessio Urban (@AlessioUrban) November 23, 2020
Here it is.
15 valuation factors for US equities.
11 of them are undisputedly at record levels.
The other 4, also near all-time highs.t.co/yeU4w5ep6W pic.twitter.com/9YyBBtx9zx
— Otavio (Tavi) Costa (@TaviCosta) November 22, 2020
Could this be the biggest story of 2021?
The ratio of Financials to Tech (aka Value to Growth) looks super interesting here… $XLK $XLF pic.twitter.com/6mtGaR6nLW
— Michael A. Gayed, CFA (@leadlagreport) November 22, 2020
Median $SPX stock short interest back to lowest levels…ever pic.twitter.com/TTENqAEJ8V
— Teddy Vallee (@TeddyVallee) November 22, 2020
A Vicious Debt Spiral…
Crescat’s November Research Letter full version: t.co/gmx1uXpgsA pic.twitter.com/HHV9cpVrPX
— Crescat Capital (@Crescat_Capital) November 23, 2020
Leverage and multiples cannot grow to the sky forever. The days of risk parity strategies where investors pile into levered long bond portfolios alongside broad equity portfolios are numbered. t.co/Y5uF1gYmxA pic.twitter.com/LOf018R8ci
— Kevin C. Smith, CFA (@crescatkevin) November 22, 2020