A quick look at everything growth:
MSCI World Growth Index's Fear/Greed indicator is at the highest level EVER, higher than in 2000.
The world is all greed, no fear! pic.twitter.com/kVgphJG4Kg
— SentimenTrader (@sentimentrader) July 13, 2020
This is largest divergence in junk vs. investment grade bond yields in history.
Significantly higher than times during the GFC.
Fed’s support clearly not doing enough.
Junk bonds sending an important message of the underlying risks in the markets. pic.twitter.com/zX6C5DA2lC
— Otavio (Tavi) Costa (@TaviCosta) July 11, 2020
Just to put things into perspective: #Tesla is priced at 6,348 times 2019 earnings. Stock is priced at 166 times 2021 earnings, 20 times book value, & 7* sales. Toyota, biggest auto comp by mkt value after Tesla, sells for 61% of sales & 91% of book value t.co/cnGA3OVGkz pic.twitter.com/R1FPPFDbTN
— Holger Zschaepitz (@Schuldensuehner) July 13, 2020
Stocks are historically expensive on 7 valuations metrics.
Just to clarify:
That’s using Q1 numbers at today’s prices.
Wait until Q2 comes out……
Aside from CAPE, 100th percentile across the board. pic.twitter.com/D0GlsqpdvT
— Otavio (Tavi) Costa (@TaviCosta) July 12, 2020
What a bargain……….
Chinese large cap stocks trading over 15x times EBITDA. pic.twitter.com/iKQLq1ZZv2
— Otavio (Tavi) Costa (@TaviCosta) July 10, 2020
Our Global Business Outlook survey, released today, signalled worsening hiring and investment plans in June, and the weakest profitability outlook since the financial crisis. Click here to read more: t.co/cduA88c1jX pic.twitter.com/YYm0XVttDA
— IHS Markit PMI™ (@IHSMarkitPMI) July 13, 2020