The stock market is at unsustainable technical extremes.
Never mind the abysmal fundamentals. pic.twitter.com/a4OyuoXNmr
— Kevin C. Smith, CFA (@crescatkevin) June 8, 2020
Hertz and JC Penney rallying after bankruptcy. pic.twitter.com/ON7pl7ZbAR
— Charlie Bilello (@charliebilello) June 9, 2020
The narrative for markets "has been win-win,” Allianz’s @elerianm says. “That narrative is so deeply embedded now that it takes a major shock to change it.” https://t.co/ZWc2QFyJmw pic.twitter.com/MhfItST84D
— CNBC (@CNBC) June 9, 2020
#recession … US #StockMarket #Bubble edition https://t.co/rsHn5Jm9K7
— Invariant Perspective (@InvariantPersp1) June 9, 2020
*stonks https://t.co/YER7qSt9K0
— TeslaCharts (@TESLAcharts) June 9, 2020
#recession … #Tech #Bubble 2.0 edition
via @anilvohra69#NASDAQ #NASDAQ100 $QQQ https://t.co/UVMP4X5sfI— Invariant Perspective (@InvariantPersp1) June 9, 2020
the Fed just agreed to buy 95% of loans made to risky companies (w debt at 6x Ebitda (adjusted ofc))
companies now don't have to fully pay back those loans for 5 years – used to be 4 years
(friendly reminder that state & local govts only get 3 years)https://t.co/ClBCxkb0Ni
— Alexandra Scaggs (@alexandrascaggs) June 8, 2020
Airline Index sees record Volume pic.twitter.com/vrAqPNenOi
— Sunchartist (@sunchartist) June 9, 2020
CRAZY SPECULATION pic.twitter.com/4n1myD9Tt5
— Thomas Thornton (@TommyThornton) June 8, 2020
Oh look, it's the 1st time this century where $SPX gained 1% or more…with $VIX closing up 5%.
Figures.
— Steve Deppe, CMT (@SJD10304) June 8, 2020