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