Many market participants overestimate the "positive" impact of government spending and monetary policies.
Then comes the reckoning.@Hedgeye https://t.co/yitgEInRHf
— Daniel Lacalle (@dlacalle_IA) May 30, 2020
Cities are burning.
Real economy is on life support.
And here we are…
Debating whether the $SPY holds $3k and when the next round of stimulus / easy money is coming.
Divergences everywhere.
— Andrew Freedman, CFA (@HedgeyeComm) May 30, 2020
LARGE BANKRUPTCIES IN RECENT WEEKS pic.twitter.com/Eeabp1CleS
— Win Smart, CFA (@WinfieldSmart) May 29, 2020
GDP contributors pic.twitter.com/fxEhicfJiI
— Win Smart, CFA (@WinfieldSmart) May 29, 2020
PHASE 1 CHINA DEAL NOT HONORING pic.twitter.com/GDhW9bLz1u
— Win Smart, CFA (@WinfieldSmart) May 29, 2020
The Russell 2000, oh my god, 51x forward p/e. Wow. SPX trading closer to 24 after today's close. Does the @federalreserve keep an eye on this? Does this qualify as bubble territory? pic.twitter.com/fc9VngZ2a4
— StealBasis (@stealthebasis) May 30, 2020
Citi Panic/Euphoria solidly Euphoric now. pic.twitter.com/uPXrnxSkV5
— Helene Meisler (@hmeisler) May 30, 2020
A pic from almost two weeks ago.. pic.twitter.com/TFver0gxqi
— Alessio Urban (@AlessioUrban) May 30, 2020
New one for some of you. @realmoney subs might remember this chart from late January. NYSE volume relative to Naz volume pic.twitter.com/T3jbplp1Ta
— Helene Meisler (@hmeisler) May 30, 2020
40 million unemployed, economy crashed, record polarization and wealth inequality at extremes, the country is quickly descending into chaos into the summer months. So what happens when the government stops unleashing helicopter money for people who recently lost their jobs?
— FreeZerohedge (@freezerohedge) May 30, 2020