Many market participants overestimate the “positive” impact of government spending and monetary policies. Then comes the reckoning.

Many market participants overestimate the "positive" impact of government spending and monetary policies.

Then comes the reckoning.@Hedgeye https://t.co/yitgEInRHf

— Daniel Lacalle Official Account (@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

https://twitter.com/stealthebasis/status/1266563695565512705

Citi Panic/Euphoria solidly Euphoric now. pic.twitter.com/uPXrnxSkV5

— Dune AnaIytics (@DuneAnaIytics) May 30, 2020

A pic from almost two weeks ago.. pic.twitter.com/TFver0gxqi

— Alessio (@AlessioTMAD) 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

— Dune AnaIytics (@DuneAnaIytics) May 30, 2020

https://twitter.com/freezerohedge/status/1266775051946225664