qe continues pulling fwd gains in stocks as a massive economic rebound is being priced in — the only issue: if the rebound doesn't materialize – the fed has created a blowoff top pic.twitter.com/vgYEE17uqU
— Alastair Williamson (@StockBoardAsset) January 16, 2020
things are getting a bit jiggy at these levels…check $AAPL pic.twitter.com/k1WlnsHZXM
— 𝕮𝖍𝖎 🛢️ (@chigrl) January 16, 2020
I don't think the break is going to give much warning or time to enter. pic.twitter.com/IWYwj6lXvp
— Puff Dragon (@PuffDragon11) January 16, 2020
🇺🇸Very strong Philly Fed index in January! Indicates ISM manufacturing nearly at 60.0!! 🥳🥳
Only problem is that the Philly Fed index and the ISM manufacturing index decoupled in 2019 😬🤔 pic.twitter.com/yc7eyxp2to
— Danske Bank Research (@Danske_Research) January 16, 2020
More jaws ..and don't @ me that manufacturing no longer matters. Manufacturing in the US makes up such a large portion of US GDP that its $2.1T valuation alone would make it the 8th largest economy in the world.
The stock market has continued to rise as manufacturing slumps pic.twitter.com/3aU4O45EjK— 𝕮𝖍𝖎 🛢️ (@chigrl) January 16, 2020
Growth in business activity in the region’s service sector remained sluggish in January, according to the latest Business Leaders Survey. The employment index edged down, suggesting that employment grew just slightly. t.co/caagOGoXkS pic.twitter.com/iKL6F22xpA
— NY Fed Research (@NYFedResearch) January 16, 2020
Jan 2018 vs. Jan 2020
They kind of look the same
But hey, we know it is totally different this time
Right?
For instance, in 2018, VIX went from 9.3 to 11. 5
Today, VIX won't say below 12 pic.twitter.com/XpTnBJeQyt— 0range Crush (@0rangeCru5h) January 16, 2020
$MSFT now 8.5x price to sales, over 23x EV/EBIT on a $1.27 trillion company. These are NTM fwd numbers. 🤷♂️ pic.twitter.com/4Cqgr5jm0R
— Greg S. (@GS_CapSF) January 16, 2020
Per the latest Cass Freight Index – November shipments drop 3.3% YoY — “We’ve been talking for several quarters now about how we’re in another freight recession…” @EllesEconomy @DiMartinoBooth @dailydirtnap @DougKass pic.twitter.com/U1IPKTwFdw
— Chris Versace (@ChrisJVersace) January 15, 2020
GDPNow Latest forecast: 1.8 percent, January 16, 2020
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2019 is 1.8 percent on January 16, down from 2.3 percent on January 10.
#recession … #GlobalTrade edition t.co/CIqwUIPM7m
— Invariant Perspective (@InvariantPersp1) January 16, 2020