$HYG yield at 3.98% ….lifetime low $PFF trailing 12mo yield 4.50% is also a low
even with 10yr UST jumping from 0.50% to current 1.35%
— SaggPondCapital (@PondSagg) July 9, 2021
Lmfao they want to destroy us all https://t.co/LDT8SjA8jm
— Make Black Swans Great Again (@RetirementRight) July 9, 2021
The chart of the week is this one:
Investors taking maximum risk at maximum risk.
Compliments of trusted psychopaths. Sadly, they don't trust anyone who can be trusted. pic.twitter.com/qCA3C4zoEj
— Mac10 (@SuburbanDrone) July 9, 2021
the last time this happened was late 2008 pic.twitter.com/gz1Zsd2npr
— Alastair Williamson (@StockBoardAsset) July 9, 2021
The Dow's record high was two months ago, May 10th.
The Transports in particular are warning that this S&P high is not confirmed.
Dow Theory 101. pic.twitter.com/tKBKzkwaey
— Mac10 (@SuburbanDrone) July 9, 2021
Treasury 10-year yields dropped for an eighth day on Thursday.
If you want to find a longer period of falling yields you need to look back to March 2000 for the nine-day stretch. 👀https://t.co/E1382Avuwg
— Stephen Spratt (@StephenSpratt) July 8, 2021
"Bitcoin is in a “crash” that may take it as low as $10,000 to $15,000" – Scott Minerd July 9, CNBC
"Bitcoin should be worth about $400,000" – Scott Minerd Dec 16, BBG TV
— zerohedge (@zerohedge) July 9, 2021
DOW/TRAN ratio
Pretty compelling for what's happening underneath this market pic.twitter.com/v6NVyjw9iS— Farris BABA (@farrisbaba) July 9, 2021
While in the USA bond defaults touch a record low … https://t.co/VJYxX6zhO0
— GregTheAnalyst (@Analyst_G) July 9, 2021
$SPX continues to use these 2% pullbacks to trap a small amount of shorts and then push to a new all time high.
It’s a cycle which has resulted in the steady grind higher.
Eventually, it’ll collapse like a landslide.$ES_F $SPY
— The Kobeissi Letter (@KobeissiLetter) July 9, 2021
"What we are seeing right now is bifurcation in the labor market…in small businesses. 44% of small businesses and 57% of small leisure and hospitality small businesses are closed. It is a reflection of wage inflation…"https://t.co/kBiR2HdHqi
— Danielle DiMartino Booth (@DiMartinoBooth) July 9, 2021