Anyone notice this? The last two minutes of S&P trading on Dec 31st were wild. Since the first day of the year is historically the most volatile, the last two minutes of 2018 might be a "preview" of what’s to come. pic.twitter.com/VvoY7ouH3m
— Rich Kleinbauer (@RMKOutFront) January 1, 2019
This chart could be the most important for markets in Q1-2019
Structural excess USD liquidity will be added due to the debt ceiling in Q1 (in sharp contrast to 2018).
This is $USD negative, as we see it.
Follow link for our top 4 trade ideas for Q1 -> t.co/tjuu4Xvr4H pic.twitter.com/eevLQKbVa8
— AndreasStenoLarsen (@AndreasSteno) January 1, 2019
"With the triple-B market worth about $3 trillion, finding a
buyer in the $1.2 trillion high-yield market could be difficult"
in a downturn, she said. Many fund managers are required to keep
only investment-grade debt in their portfolios, so they could be
forced to sell…— Alastair Williamson (@StockBoardAsset) January 1, 2019
CDX NA IG (weekly), is the 4th wave immient? pic.twitter.com/qccIGjkWci
— Alastair Williamson (@StockBoardAsset) January 1, 2019
Should flows dwindle further, "the extra boost that U.S.
repatriation provided to U.S. equity and bond markets via share
buybacks and corporate bond redemptions would likely dissipate
next year," JPMorgan told clients. pic.twitter.com/6xu27wpqa3— Alastair Williamson (@StockBoardAsset) January 1, 2019
$SPX (Quarterly), check out this pivot of 2537, looks like in past market tops, if rejected, the probability of more downside is high pic.twitter.com/hLbxsDXQJD
— Alastair Williamson (@StockBoardAsset) December 31, 2018
Everything changes with the turn of the calendar. Fall 2018 would have been **FAR WORSE** had the same new events hit the trading tape in the new year. Investors held on longer: hoping for a yearend rally payday. H/F's didn't have that luxury. Bad news matters much more now👇 pic.twitter.com/3ISmnYzqXS
— M/I_Investments (@MI_Investments) January 1, 2019