I struggle to describe how large of a bubble US stocks are…

https://twitter.com/PondSagg/status/1413571409310363648

https://twitter.com/RetirementRight/status/1413581362494283776

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 (@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

https://twitter.com/farrisbaba/status/1413298079638376451

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