https://twitter.com/AlessioUrban/status/1266456326831472640
This is hard to believe:
~96% of S&P 500 stocks are above their 50-day moving average, the highest reading of the 21st century. pic.twitter.com/aQ2RapVlgM
— Michael Batnick (@michaelbatnick) May 29, 2020
Powell admitted the Fed crossed a lot of red lines that had never been crossed before, but that given the situation it was necessary, and the Fed would figure it our afterward. It's the Nancy Pelosi version of monetary policy, "we need to print the money to see where it goes."
— Peter Schiff (@PeterSchiff) May 29, 2020
'Retail investors are increasingly interested in the mega-cap tech shares.' https://t.co/CoRPBweIFE via @SoberLook pic.twitter.com/cOcLYjQ4W7
— Jesse Felder (@jessefelder) May 28, 2020
The Fed has released details of the first 158 transactions involving ETF purchases by its corporate credit facility for the period covering May 14-20. A table of the aggregate holdings through that period pic.twitter.com/aRL2SmCBX7
— Nick Timiraos (@NickTimiraos) May 29, 2020
STOCKS REBOUND ON VACCINE HOPES..UH, TRADE WAR OPTIMIS…UM, BETTER THAN EXPECTED…ER NO, FRESH STIMULUS TALK…RIGHT, PUNTED…BECAUSE MONEY PRINTER GO BRRRRR.
— Brad Huston (@BradHuston) May 29, 2020
Fallen angel downgrades on par w/past credit cycle busts – and this time around BBBs are a much larger absolute slice of the corporate credit pie. YS #DriehausAlts pic.twitter.com/gkNTyjAOdW
— Driehaus (@DriehausCapital) May 29, 2020
While the higher rated tranches of CLOs are back near par, BBB & BB slugs are still well below. YS #DriehausAlts pic.twitter.com/LOAUsXBa0C
— Driehaus (@DriehausCapital) May 29, 2020
GDPNow for 2Q20 from @AtlantaFed revised down to -51.2% (Q/Q A.R.), driven by this morning’s personal consumption & income report pic.twitter.com/hP54xdNTio
— Liz Ann Sonders (@LizAnnSonders) May 29, 2020
#MacroView – The #CFNAI index just crashed by the most on record. While the media pays little attention, it is arguably the #most #important #leading #indicator of the economy with implications for the #stockmarket. https://t.co/kefC4QnxBs
— Lance Roberts (@LanceRoberts) May 29, 2020
POWELL: FED CAN ONLY LEND, IT CAN'T GRANT MONEY
— *Walter Bloomberg (@DeItaOne) May 29, 2020
#recession … #GFC2 US edition
And the US #Consumer is saving a much higher percentage of this diminished #income, too, and therefore no longer consuming nearly as much. 📉 https://t.co/3twdm2NOJf
— Invariant Perspective (@InvariantPersp1) May 29, 2020
mid caps starting to see decline in 20-day advance-decline. pic.twitter.com/xxDxs3LBlC
— Andrew Thrasher, CMT (@AndrewThrasher) May 29, 2020