People with a bearish sentiment will be right in the end. This bubble is going pop soon and it will wipe out many cocky permabulls. I say come in the arena like men, let a free market play out and lets see how tough you betas are. Most of you can't make profits without the FED.
— Hoz (@Hoz94s) July 6, 2020
The percentage of CSI 300 members in overbought territory literally went from zero to sixty in less than two months. pic.twitter.com/PDOl5cRybY
— David Ingles (@DavidInglesTV) July 6, 2020
This move up in #Tesla stock — up 42.9% in the last five trading session — is absolutely remarkable.#stocks #markets #tsla #trading #investing #investors @Tesla pic.twitter.com/kojqFOvYNc
— Mohamed A. El-Erian (@elerianm) July 6, 2020
$AMZN trading at 138X earnings, seems like slacker
— 𝕮𝖍𝖎 🛢️ (@chigrl) July 6, 2020
"Risk managers" can predict everything except an event that can put them out of business pic.twitter.com/vm4DaLzA7h
— zerohedge (@zerohedge) July 6, 2020
RESTAURANTS: 33% of local restaurants are closed as of July 1, up from 20% on June 28 pic.twitter.com/idCBxmlDs5
— Keith McCullough (@KeithMcCullough) July 6, 2020
“More than 3,600 Chapter 11 cases were filed during the period, about 750 more than a year ago, data from bankruptcy software developer Epiq Systems Inc. show.” https://t.co/Bu5IVnwAzB
— Danielle DiMartino Booth (@DiMartinoBooth) July 6, 2020
Commercial mortgage delinquencies surged at record monthly rate in June
Delinquencies in commercial mortgage-backed securities jumped by 213 basis points in June to 3.59% from 1.46%.
It was the largest one-month spike since Fitch Ratings began tracking the metric nearly 16 years ago.
The hotel and retail sectors are seeing the worst delinquencies, as the coronavirus has been especially hard on those industries.