We've had an "All tech, all the time" market, one that got (quite frankly) ridiculous. Now the overloved, overhyped, overowned #FAANG stocks are falling, and "Safe Money" style stocks that I've been a huge fan of since Jan/Feb are outperforming $XLU $IYR $XLP $XLK.
— Mike Larson (@RealMikeLarson) August 17, 2018
Great analysis on Turkey by @elerianm: Turkey‘s crisis is not over: nobody ever recovered without swallowing a bitter IMF pill.
EU banks will/must use this temporary Lira relief to cut the contagion.
So far @elerianm is the only warning voice that the worst is yet to come… https://t.co/kiB3gj4WG0
— Russian Market (@russian_market) August 17, 2018
All Citi Economic Surprises indices are negative. pic.twitter.com/RoT92w6RD7
— Alex (@MacroOps) August 16, 2018
Global synchronized slowdown.
rotation out of momentum stocks — these are the heaviest weight on indexes that led the market for several yrs — not good. pic.twitter.com/epZMpzjjFg
— Alastair Williamson (@StockBoardAsset) August 17, 2018
$AAPL iphone unit volumes +67bps, ipad +1.13%, Mac -13.3%.
There's no growth here outside of ASPs, and very difficult to increase iphones at 20% YoY.
Operating income for next year will be lower than 2015 due to buybacks. Missing the value here. pic.twitter.com/ZOXzHcLDoH
— Roosevelt Cap (@RooseCapital) August 17, 2018
the big joke for me was a https://t.co/YgC3THcazD article that had a headline that said WMT and CSCO are proof that the economy is strong and that tax cuts are working…Puke shit crazy stuff.
— jml (@jmllubber) August 17, 2018
So if we’re not in a #bearmarket by September, we’ll be in the longest #bullmarket since WW2.
There are still people buying #tech stocks though pic.twitter.com/2DGJvmRpRt
— OW (@OccupyWisdom) August 17, 2018
What is so dangerous about this 3rd Bubble is that investors can be easily duped into thinking the GDP stats + corp earnings + 'leading indicators' – taken alone – are comparable to the 70/80/90/00's when the economy was NOT piling on debt 4:1 to achieve them. #DEBTMATTERS 👇 pic.twitter.com/3D7Xw5ZBtV
— M/I_Investments (@MI_Investments) August 17, 2018
ECRI U.S. Weekly Leading Index edges down to 147.4, as the WLI growth rate slows further to 0.3%. #economy https://t.co/MtQ11WFIil pic.twitter.com/nHYDkCyLl2
— Lakshman Achuthan (@businesscycle) August 17, 2018