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
"vol control funds alone have added about $72B in US stocks in the past 3 months a greater flow than in 80% of 3 month periods over the past decade. Overall equities positioning across systematic funds is at its highest level since Dec '21."t.co/J8xef1FYfG
— Sven Henrich (@NorthmanTrader) May 16, 2023
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 Silver (@WallStreetSilv) 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 Silver (@WallStreetSilv) May 16, 2023