Global revenue growth has collapsed pic.twitter.com/7jjQvvRrZ5
— zerohedge (@zerohedge) February 16, 2019
On Dec 24, only 1% of stocks in the S&P 500 closed above their 50-day moving avg, one of the most extreme oversold levels in history.
After an 18% vertical rally over the last 8 weeks, that number now stands at 92%, one of the most extreme overbought levels in history.$SPX pic.twitter.com/hx3vm3Jj2e
— Charlie Bilello (@charliebilello) February 16, 2019
Margin debt significantly fell during the December crash and has not recovered. Historically precedes market downturns, but lets see if confidence is restored. Takes some margin calls to think twice about investing on margin. pic.twitter.com/6h0pqgGuLX
— JM (@joshtheoiltrade) February 16, 2019
FactSet: EPS estimate for Q119 has declined by 4.8% over the past 12 months and by 5.4% since Dec. 31 pic.twitter.com/nTLdpcpTfX
— Alastair Williamson (@StockBoardAsset) February 16, 2019
Disinflationary pressures are building in the US 🇺🇸…
The Fed pausing normalisation will not change this trend… More likely maintain it, as low rates perpetuate overcapacity and incentivise debt pic.twitter.com/TEpU4y8UAI
— Daniel Lacalle (@dlacalle_IA) February 16, 2019
Another wave of retail store closures coming. ‘No light at the end of the tunnel’
The stock market is careening down a dangerous ‘slope of hope’