Everything is okay for the market.. the banks are not recovering, delinquencies keep rising and 80% of the medium to large banks are still tightening loans.. pic.twitter.com/ultqKSP2zV
— Alessio Urban (@AlessioUrban) September 15, 2020
Citigroup Saw Biggest Increase in Card Write-Off Rates in August
Bank also posted biggest drop in card loans 90 days past due
Overall, big banks saw 30-day delinquency rates drop in August— LongConvexity (@LONGCONVEXITY) September 15, 2020
Manhattan Rental Market Sees Another Record Plunge For August With 15,000 Empty Apartments t.co/UQHrJA8iIt
— zerohedge (@zerohedge) September 15, 2020
Current $SPX estimates:
Q2 : final -42.9%
Q3 : est -4.6%
2021 : est +52.1%— Market Musings (@AndysCycles) September 15, 2020
I'm so old that I can remember when crowded trades broke t.co/qfNHEfCita
— Dereck Coatney (@DereckCoatney) September 15, 2020