It's rather difficult to grasp, why many remain so positive. What would carry the bull run?
1) Global QT
2) China slowdown
3) Fading US fiscal stimulus
4) Peak earnings
5) Euro area = messAm I missing something, or is this just classic late-cycle bias?#StockMarket
— Tuomas Malinen (@mtmalinen) November 12, 2018
Today's move in oil is a real sign of weakness. It's like Oct. 2008 when markets completely ignored OPEC's 1.5mbd supply cut and prices continued to collapse. Remember: in 2016, the 1.2mbd production cut sent oil prices up over 15% for the next 2 days. Not this time. pic.twitter.com/mGKClpw0Fg
— Otavio (Tavi) Costa (@TaviCosta) November 12, 2018
— Alastair (@StockBoardAsset) November 12, 2018
As a reminder, there is very little liquidity pic.twitter.com/GR8Pwveis0
— zerohedge (@zerohedge) November 12, 2018
6-Month Treasury Yield…
Nov '09: 0.17%
Nov '10: 0.16%
Nov '11: 0.04%
Nov '12: 0.15%
Nov '13: 0.09%
Nov '14: 0.06%
Nov '15: 0.34%
Nov '16: 0.56%
Nov '17: 1.36%
Today: 2.52% pic.twitter.com/FITVGzIpyo— Charlie Bilello (@charliebilello) November 12, 2018
Bankruptcy? https://t.co/ko8MzbMG2g
— Alastair (@StockBoardAsset) November 12, 2018
WTI < 59.00
Now it's the commodity fund liquidations
— zerohedge (@zerohedge) November 12, 2018
The 64 Trillion dollar question: Will the Fed figure out that a massive recession is coming and change policy before it arrives? Or like 2008 will the Fed remain in denial until after falling stock and real estate prices cause a crisis, and recession is obvious to everyone?
— Peter Schiff (@PeterSchiff) November 12, 2018