Stock valuations have been this high only three times in history. What happened next should give investors pauset.co/a64CuOiaez #valuation $spx $spy #investor #fed h/t @tracyalloway @hussmanjp @ennovance pic.twitter.com/grlJoL6mOe
— Mo Hossain (@MoHossain) August 18, 2020
The percentage of global fund managers who believe most asset classes are overvalued has risen to the highest level since 2008. Source Bank of America. #valuation pic.twitter.com/4mdPFPxotZ
— jeroen blokland (@jsblokland) August 18, 2020
S&P 500’s forward P/E ratio now sits at highest since mid-2000 pic.twitter.com/R3kCQD4q1J
— Liz Ann Sonders (@LizAnnSonders) August 18, 2020
Equity Flows.
Updating this stunning chart from DB:
(1) Tech keeps getting non-stop record flows.
(2) Incredible how there's still *nearly zero* net buying in 8 key Sectors – a winner-take-all market driven by extreme investor preferences.
Thinking about the path of max pain. pic.twitter.com/LXD86SHC9r
— Macro Charts (@MacroCharts) August 17, 2020
— M/I_Investments (@MI_Investments) August 18, 2020
Bank lobbyists are putting on a full-court press urging the Fed to cut an important capital requirement for the 8 biggest U.S. banks, per @morningmoneyben.
Re-upping my op-ed on why that's a dangerous idea: t.co/9uV2Zl3cJ7 pic.twitter.com/XDoKxPxQn4
— Jeremy Kress (@Jeremy_Kress) August 17, 2020
According to the latest senior loan officer survey, bank willingness to make consumer installment loans has fallen to the lowest lvls since ‘08. A tightening in lending standards to US households of this magnitude suggests a sharp rise in consumer charge-off rates is approaching. pic.twitter.com/7b7qfIKSMY
— Julien Bittel, CFA (@BittelJulien) August 18, 2020
Capacity Utilization and Corporate Cash Flow pic.twitter.com/HZASbUxqkO
— Win Smart, CFA (@WinfieldSmart) August 18, 2020
For those who follow Bradley this might be one of the more severe potential down moves in recent years starting on Aug 19th after a good low point in March. pic.twitter.com/ppWStaLn1Z
— Thomas Thornton (@TommyThornton) August 17, 2020
Is Buffett Selling Banks, Buying Gold A Warning Sign For Investors?
“I do think this reflects Buffett’s cautiousness about the current state — and future prospects — of the U.S. economy,” Tilson said.
The Recession Is About to Slam Cities: NYT
Those with budgets that rely heavily on tourism, sales taxes or direct state assistance will face particular distress.