Looks like the up move stalled back around Apr 10th and since has been doing a reset and now terminal attempt higher that should fail.

https://twitter.com/PuffDragon11/status/1254802375363051521

42% of CFOs have no contingency plans for 2nd wave of COVID-19 – Gartner

— Sam Ro 📈 (@SamRo) April 27, 2020

pic.twitter.com/1lCC2IADmg

— The Macro Pulse (@TheMacroPulse) April 27, 2020

Since 2016, a near doubling of share concentration for the top 5 S&P 500 companies’ market cap. YS #DriehausAlts pic.twitter.com/pTTSUa0yTE

— Driehaus Capital Management (@DriehausCapital) April 27, 2020

If I told you 12 months ago that:

Unemployment jumps from 4% to 15%

Fed interest rates fall from 2.5% to 0%

PMI dives from 52 to 37

Gold rips up 32%

Stock volatility triples

Oil crashes down 70%

….and yet, over the past year, stocks are flat.

Would you have believed me?

— Meb Faber (@MebFaber) April 27, 2020