Pleasure boats, aircraft, recreational vehicle sales collapse. As they do before most recessions. pic.twitter.com/nko9VPIChD
— OW (@OccupyWisdom) September 28, 2018
Another recession is looming, writes Martin Feldstein https://www.wsj.com/articles/another-recession-is-looming-1538088367 via @WSJ It’s safe to say this is the most important read of the day. Assign it to yourself as weekend reading if you’re too preoccupied with Italy as so many of us are today.
SAVINGS RATE VS CONSUMER SENTIMENT VS #WILSHIRE5000
Historical wide gaps (sentiment high and savings rate low) often precede large drops in equity prices pic.twitter.com/fiBnP5nB6q
— OW (@OccupyWisdom) September 27, 2018
🇺🇸Balanced Fed, but note hints to equity market. The "Powell put" has a strike level that is much, much deeper out-of-the-money than the old Yellen/Bernanke/Greenspan put. Anyone trusting in the Fed put must get ready for a lot of pain before it is triggered. pic.twitter.com/2CdljF7J6p
— Mikael Sarwe (@MikaelSarwe) September 27, 2018
"Gap between price-to-book ratios, based on asset values, for the S&P 500 Index and MSCI’s broadest index of non-U.S. markets widened in the 12 months ended Thursday by 20%, more than it has in any calendar year since 1997" https://t.co/yJjsvvWbjB pic.twitter.com/qOZlu5iYO2
— Trevor Noren (@trevornoren) September 28, 2018
U.S. companies have repatriated billions of dollars in profits from overseas after last year's tax break. All but 5% of it went to share buybacks & debt repayment: JPM data via @TheTerminal @luwangnyc pic.twitter.com/8EQNdFTm4n
— Lisa Abramowicz (@lisaabramowicz1) September 27, 2018
Current low cross-asset volatility will likely not persist.
Balance sheets from the big three central banks will net turn negative y/y soon. This is usually a sign that VIX will pick-up again.
Watch out.
Read more in our weekly editorial -> https://t.co/YEToyEomPR pic.twitter.com/ty9j16h4fk
— AndreasStenoLarsen (@AndreasSteno) September 28, 2018