There goes another record.
40% of S&P 500 members have RSIs above 70.
Highest level in the history of the data!
Macro, fundamentals & technicals all pointing to trouble ahead for equity markets. pic.twitter.com/jhfOxKMskZ
— Otavio (Tavi) Costa (@TaviCosta) June 8, 2020
The S&P 500 is now trading at its highest multiple since mid-2001. Traders Craig Johnson and Chad Morganlander discuss whether this is cause for concern.
Remember when the Fed said they were going to offload their balance sheet and it was going to be like watching paint dry?
— Gold Telegraph ✪ (@GoldTelegraph_) June 8, 2020
BREAKING: The U.S. entered a recession in February, the official arbiter NBER says.t.co/Fln5CQTtxt
— CNBC Now (@CNBCnow) June 8, 2020