There’s a massive divergence between CDS price and the $VIX… “vol control funds alone have added about $72B in US stocks in the past 3 months…”

There’s a massive divergence between CDS price and the $VIX 👀

Notice how they typically move together

Image: HolgerZ pic.twitter.com/lrjcjcU9F2

— Cheddar Flow (@CheddarFlow) May 15, 2023

https://twitter.com/NorthmanTrader/status/1658430314052460546

1930 vs 2023 🚨

This impending decline could be much steeper than 1930, but the total downside will likely be less once the Fed finally panics. After all, they didn't have QE back in those days.

Downside of -60% to -70% in a short period of time will evoke massive turmoil ⚠️ pic.twitter.com/O16brtWPr0

— Wall Street Mav (@WallStreetMav) May 16, 2023

Total household debt just passed $17 trillion and is accelerating

And that's with the lowest quarter of mortgage originations since 2014.

Americans are taking out more credit card and car debt than ever before. pic.twitter.com/1CUSas2iRL

— Genevieve Roch-Decter, CFA (@GRDecter) May 15, 2023

Silicon Valley Bank was losing $1 million in deposits EVERY SECOND on March 9th pic.twitter.com/W0ZoVxg9gP

— Genevieve Roch-Decter, CFA (@GRDecter) May 15, 2023

Recession? What recession?

🤔 pic.twitter.com/BMUHPs4tUa

— Wall Street Mav (@WallStreetMav) May 16, 2023