“How are the fundamentals so bad but we are only down 15%?”… This bear market is full of FOMO from the bull run since 2010.

“How are the fundamentals so bad but we are only down 15%?”

This bear market is full of FOMO from the bull run since 2010.

The fear of missing the low is outweighing the fear of a prolonged decline.

For this reason, it will still take a limit down day in $SPX to form a bottom.

— The Kobeissi Letter (@KobeissiLetter) May 26, 2022

Real-Time #economic indicators continue to show further weakening to the economy. While forward #earnings estimates have fallen by 4.5% over the last two weeks, they are still way too high.
h/t @thedailyshot pic.twitter.com/gd5Nc9WArf

— Lance Roberts (@LanceRoberts) May 27, 2022

“…corporate insiders are holding a non-consensus view across most sectors and actively buying the dip with net insider buying activity reaching 1STDev above trend level.” – JPM pic.twitter.com/xplMP8qwyA

— Sam Ro 📈 (@SamRo) May 27, 2022

Hedge funds 🏃‍♂️ running for the hills pic.twitter.com/OUOmT9RrPi

— Win Smart, CFA (@WinfieldSmart) May 27, 2022

Correct chart from earlier tweet:

Not much love for bonds in @AAIISentiment Allocation Survey, which shows that respondents said their bond allocations were at lowest since 2008 pic.twitter.com/831mAiy8g6

— Liz Ann Sonders (@LizAnnSonders) May 27, 2022

Labor share of profits not picking up … employee compensation as percentage of total gross value added of U.S. corporations continued to fall in 1Q22 pic.twitter.com/KKAV9U3z9y

— Liz Ann Sonders (@LizAnnSonders) May 27, 2022

Fund manager sentiment turns grim: even if stocks rally now, it’s unlikely to last as all the indicators have turned negative

[Article from January] Legendary investor Jeremy Grantham predicts S&P 500 will crash 50% after 4th US ‘superbubble’ in the past century pops