Re the dangers of the massive decoupling of #WallStreet from #MainStreet :
From the editorial in @TheEconomist on "The market v the real economy:
Financial #markets have got out of whack with the #economy. Something has to give."t.co/5Kt6Wyd5nj#investors #investing pic.twitter.com/jDzZSOjNs0
— Mohamed A. El-Erian (@elerianm) May 10, 2020
Bloody hell. 🥶🥶#depression2020 t.co/gG2ScYm582
— Tuomas Malinen (@mtmalinen) May 10, 2020
Momentum indicators in the S&P 500 – volume and breadth momentum turned over or turning over – not what you want to see at a swing – Upper Bollinger Band with the QQQ and SPX are touching or close to touching – You might call this the 3rd peak coming up. pic.twitter.com/cxStj5rtLA
— David Larew (@ThinkTankCharts) May 10, 2020
Employment: April Diffusion Indexes Decline to Record Lows – t.co/H7E1K9kM9w pic.twitter.com/XbShdsthw8
— MrTopStep (@MrTopStep) May 10, 2020
SPX -10% from ATHs t.co/zIAkDBxQNR
— Volatility Quant (@VolatilityQ) May 10, 2020
Millions of Americans to lose #healthinsurance as #joblessclaims soars #Jobs #Health #healthcare #obamacare @FinancialTimes @WSJhealth @WSJbusiness @Reuters @business @washingtonpost @nytimes @AP @BBC @CNBC @CNN @MSNBC @thehill @chicagotribune @Suntimes t.co/2Yvua3ZJkx
— Carlos Mock (@ctmock) May 10, 2020