Stimulus came and went.
Real disposable personal income per capita (the most important income measure) is now below the pre-COVID trendline.
The trendline was only ~1.8% from 2009-2020. pic.twitter.com/0DwUr7YcTU
— Eric Basmajian (@EPBResearch) October 29, 2021
$SPX & $VIX looks in perfect set up pic.twitter.com/KqoMwg3dn8
— Vik Soien (@VSoien) October 29, 2021
Bears: BOTH $AAPL & $AMZN are down over 3%, surely now we'll have a down day! pic.twitter.com/z0xkGROfGl
— Sven Henrich (@NorthmanTrader) October 29, 2021
Amazon badly misses on earnings and revenue, gives disappointing fourth-quarter guidance
"Grandpa, what are puts?"
"Well, puts went extinct in 2021 when people realized that stocks are risk free instruments and they no longer needed downside protection." pic.twitter.com/3bh08HiD9b
— Sven Henrich (@NorthmanTrader) October 29, 2021
The best/worst is yet to come? #inflation 👇 ht @MikaelSarwe pic.twitter.com/t3YK2aeLL3
— Michael A. Arouet (@MichaelAArouet) October 29, 2021
If by "stagflation" they mean a transitory asset melt-up at the end of the cycle giving the false impression of a strong economy prior to explosion, then indeed this is it.
Because you CAN fool fools every time. pic.twitter.com/kPa5yp9yB5
— Mac10 (@SuburbanDrone) October 29, 2021
10-year yields in the Eurozone getting in on the fun today…
Spain: +10.4 bps
Portugal: +12.1 bps
Italy: +15.4 bps
Greece: +23 bpsSovereign credit risk is baaaaaaack https://t.co/6AsOpcxR0B
— Brian Chappatta (@BChappatta) October 29, 2021