Fed’s own economic activity index just declined again.
Stocks don’t belong at these valuations.
Gravity still works. pic.twitter.com/jjAU7iGUsE
— Otavio (Tavi) Costa (@TaviCosta) June 17, 2020
Here’s your recovery. Enjoy! pic.twitter.com/X6od2Qerle
— David Rosenberg (@EconguyRosie) June 16, 2020
VULNERABLE RETAILERS pic.twitter.com/NJJA13G941
— Win Smart, CFA (@WinfieldSmart) June 17, 2020
"The chart below shows the five-year annualized growth rate of "core GDP" or real personal consumption plus real private fixed investment. In other words, real GDP excluding net exports, government spending, and inventory."
H/T @EPBResearch pic.twitter.com/8q8p74INoU— M/I_Investments (@MI_Investments) June 17, 2020
Capacity utilization below 09 pic.twitter.com/maMXci8xJ5
— Win Smart, CFA (@WinfieldSmart) June 17, 2020
S&P TECHNICALS pic.twitter.com/l9q1599Pu4
— Win Smart, CFA (@WinfieldSmart) June 17, 2020
.@CenterOnBudget projects state budget shortfalls from COVID-19 economic fallout will total cumulative $615B over current state fiscal year (which ends June 30 in most states), new state FY that starts on July 1, and the subsequent state fiscal year. t.co/38bcxLJTo5
— Catherine Rampell (@crampell) June 15, 2020