Technicals still work: Lovely bounce play signaled in advance.
But also note the trend is broken. pic.twitter.com/dQnVzGwi6H— Sven Henrich (@NorthmanTrader) September 9, 2020
$SPX near term pic.twitter.com/Jlxs19GdjN
— Puff Dragon (@PuffDragon11) September 9, 2020
Gravity still works. pic.twitter.com/fh5Qr1mceX
— Otavio (Tavi) Costa (@TaviCosta) September 8, 2020
Tech junk bond yields are still near record lows.
Investment grade for this sector look the same.
Tech stocks don’t belong at these valuations.
And neither do bonds.The Fed better make sure all these assets have a buyer. pic.twitter.com/RbSRjP8qMK
— Otavio (Tavi) Costa (@TaviCosta) September 8, 2020
Guggenheim’s Millstein Predicts Spike in Defaults Heading Into Year End
Jim Millstein, the co-chairman of Guggenheim Securities, said financial markets are headed into a period of “significant volatility” with default rates expected to spike as we move closer to the end of the year.
U.S. Banks Signal Mounting Concern Over Real Estate Lending
The darkening outlook of banks is laid bare by disclosures on so-called criticised loans, which are flashing warning signals about a borrower’s ability to pay.
CREDIT CARD BALANCES pic.twitter.com/EL7RDVSZmc
— Win Smart, CFA (@WinfieldSmart) September 9, 2020