S&P500 trades at PE of 19x… whereas the 10y yield at 3% implies a PE of 14x… and with CPI at 8.5%, rates could still go higher…
It's all fun and games until stocks reach absurd valuations at the peak of the business cycle. pic.twitter.com/jWnHDjinnZ
— Otavio (Tavi) Costa (@TaviCosta) April 22, 2022
2007, I believe we heard the exact same thing the other day. pic.twitter.com/XcOBDF7aj4
— EliantCapital.eth (@hypergrowth44) April 22, 2022
Damning research from NY Fed. In a paper just published, they tried to answer the only questions that matter:
– how much of inflation is persistent?
– how much is broad based?
The conclusions shed a very important light on policy incompetence and collective complacency.
1/4 pic.twitter.com/vyADjl63Dz— Carlo Kitty Casio (@INArteCarloDoss) April 22, 2022
Good night Irene.. pic.twitter.com/wAYlMmRHez
— Lawrence McDonald (@Convertbond) April 23, 2022
SocGen’s Edwards pic.twitter.com/6WPlQurWAW
— JE$US (@WallStJesus) April 23, 2022
For this equity dump, you can thank the China yuan devaluation.$USDCNH $CNY
Yuan down 2% – biggest wkly drop since 2015 when China suddenly devalued the yuan causing a 7% pull back in $SPY within a wk.
Also, right before Fed was readying rate hikes.🤨#Commodities#Reflation t.co/efm6qDel1V pic.twitter.com/sUJGb6aOI1
— Samantha LaDuc (@SamanthaLaDuc) April 23, 2022
There it is, Earth Day has the biggest vol spike of 2022.
The market went out at the lows of the day, week, and month.
Following the Jan wave '1' vol spike, but 10 VIX handles higher than the 2nd Friday prior. pic.twitter.com/TBqAsVfnne
— Mac10 (@SuburbanDrone) April 22, 2022
Bulls, we have officially entered the Fed's "quiet period".
Which means that between now and RECORD policy clusterfuck, no one can hear you crying. pic.twitter.com/vyYk0chQBU
— Mac10 (@SuburbanDrone) April 22, 2022
The Fed Was Only Successful at Economic Soft Landings 23% of the Time – since 1955 in 13 hiking cycles only 3 were w/o recessions. h/t @LanceRoberts @michaellebowitz @spotgamma @jam_croissant @AnnTrades #trading #TradingSignals #OptionsTrading #ES_F #SPX500 #economy pic.twitter.com/0KvFf5PciT
— Patrick Hill (@PatrickHill1677) April 22, 2022