1/3: Long call option positioning today relative to puts is the highest since the tech bubble, but S&P 500 RSI has been diverging. Meanwhile, median short interest as a % of market cap for the S&P 500 just plunged to its lowest in history. https://t.co/Dnc2VYs2NW pic.twitter.com/ncGJIcB2nJ
— Kevin C. Smith, CFA (@crescatkevin) November 25, 2020
3/3: Ultra-easy financial conditions create speculative tops, like the tech and housing bubbles of 2000 and 2007. Major market and economic crises followed these setups. Today, historic low interest rates and tight credit spreads have created the loosest backdrop yet. pic.twitter.com/OdAeMIVQli
— Kevin C. Smith, CFA (@crescatkevin) November 25, 2020
The U.S. Bureau of Labor Statistics predicts that assuming the poverty rate comes in at over 14% this year, more than 60 million will be affected, including 17 million children.
Dow Jones 30k https://t.co/fvPFJaXHBk
— Alessio (@AlessioTMAD) November 26, 2020