The S&P 500 broke down from a major top. The bounce was bold, but now a gap-fill, Fibonacci 61.8% retracement, and gravestone doji. Record valuations and macro picture are the reasons to be short. Technicals are just icing on the cake. The bear market has likely only just begun.
h/t @crescatkevin
So maybe some of you can help me…
What happens when the:
🤷♀️ #SP500 dividend yield is 1.81%
🤷♂️ US 2Y #Treasury is 2.193%
🤔 US 10Y Treasury is 2.92% ? pic.twitter.com/6i88NBWR7Z
— OW (@OccupyWisdom) February 15, 2018
Credit bubbles always burst. In what countries are today's biggest credit bubbles? Here are three of them… pic.twitter.com/9RNnQ15jU6
— Kevin C. Smith, CFA (@crescatkevin) July 8, 2017
RETURN TO #FAIRVALUE pic.twitter.com/bT9tDMes4E
— OW (@OccupyWisdom) February 16, 2018
YTD, companies have announced ~$170.8 billion in stock buybacks, the most ever for this early in the year https://t.co/lvPOmGWV7T pic.twitter.com/DIpqUT6W1h
— Trevor Noren (@trevornoren) February 15, 2018