This is looking pretty good from the hourly perspective. 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. pic.twitter.com/8uA4pUdHn3
— Puff Dragon (@PuffDragon11) April 27, 2020
42% of CFOs have no contingency plans for 2nd wave of COVID-19 – Gartner
— Sam Ro 📉 (@SamRo) April 27, 2020
— Hoz (@Ginkohoz) April 27, 2020
— Driehaus (@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