Rising risks to the stock market's rally:
The # of media articles mentioning "FOMO" is rising sharply, particularly when it comes to tech darlings.
Growth is all the rage these days. Prior instances led to sharp pullbacks/corrections pic.twitter.com/vfdRYmuVSS
— Troy Bombardia (@bullmarketsco) April 23, 2020
When $8 trillion dollars in fiscal stimulus isn't enough, you gotta ask yourself:
1. Is the amount too small?
2. Is the amount too big but execution flawed?
3. Do we just need to wait a bit longer?t.co/vhjIK8PQuM pic.twitter.com/7bvfwsL05S— David Ingles (@DavidInglesTV) April 23, 2020
April loan defaults will likely top the 2009 record, with14 defaults already registered this month & Neiman Marcus and Akorn expected to default imminently: Fitcht.co/AhiHVjlbBI
— Lisa Abramowicz (@lisaabramowicz1) April 23, 2020
There's "massive cognitive failure" in markets to process the extent of the damage to the global economy, @bopinion's @elerianm tells @FerroTV t.co/ObaBUdnUCr pic.twitter.com/a9Klo3Gebw
— Bloomberg TV (@BloombergTV) April 23, 2020
buy stocks buy bonds. fed got us. t.co/o22XNK5jHh
— hks55 (@hks55) April 23, 2020
all about banks here. $jpm will decide the markets fate. breakout reversal does not look good though. pic.twitter.com/hoJueZuFlx
— hks55 (@hks55) April 23, 2020