https://twitter.com/MacroTechnicals/status/1050534022261211136
Down to 52% of stocks in the S&P 500 above their 200-day moving avg, fewest since May. Another big down day and it will be the fewest since early 2016. $SPX. pic.twitter.com/IFpND15c6o
— Charlie Bilello (@charliebilello) October 11, 2018
Interesting that Trump blames the Fed when Powell only has direct control over the front end of the curve. No blame, of course, over the boom in U.S. borrowing needs and the soaring bond crop for why yields have popped.
— David Rosenberg (@EconguyRosie) October 11, 2018
Likely sequence of events: 1. Bear market; 2. Recession; 3. Deficits explode; 4. Return of ZIRP and QE; 5. Dollar tanks; 6. Gold soars; 7. CPI spikes; 8; Long-term rates rise; 9. Fed. forced to hike rates during recession 10. A financial crisis without stimulus or bailouts!
— Peter Schiff (@PeterSchiff) October 11, 2018
@TheStalwart says it, "feels like there isn't a general market panic." That's what Bernanke said about mortgages in March 2007 and what LTCM said about EMs in January 1998. What they all miss is panics build slowly, take time. They only seem sudden in hindsight. pic.twitter.com/oKyAzGY8O7
— Jim Rickards (@JamesGRickards) October 11, 2018
wow pic.twitter.com/YVCNrJZeGG
— Alastair (@StockBoardAsset) October 12, 2018
GLOBAL PANIC pic.twitter.com/BwfzDr9Fde
— Alastair (@StockBoardAsset) October 11, 2018