Traders are riding the momentum in everything from large technology stocks like Apple to the precious metal silver https://t.co/FZHv8eFNxV
— Edward Harrison (@edwardnh) July 26, 2020
Reality: U.S
1. Record unemployment.
2. 10 year bond yields screaming depression.
3. 40% lowered EPS.
4. Gold rocketing.
5. Negative growth.
6. Debt level unprecedented.
7. Record bankruptcies
8. Trade non existent
9. Tourism decimated.
10 .markets near record highs.— The Great Martis (@great_martis) July 26, 2020
This is a massive and worrisome chart! US Personal Income without government transfers has dropped more than during the Great Financial Crisis. ht @GregDaco, @SoberLook pic.twitter.com/Q4ug1XrppW
— jeroen blokland (@jsblokland) July 26, 2020
Nasdaq: I'm very concerned. pic.twitter.com/lo4qytggNF
— The Great Martis (@great_martis) July 26, 2020
The next is
The FED will start buying iPhones and Tesla cars to stimulate the economy pic.twitter.com/Dwge4u40Ig
— Alessio Urban (@AlessioUrban) July 25, 2020
Startups & Zombies pic.twitter.com/xGyzc61ngo
— Win Smart, CFA (@WinfieldSmart) July 26, 2020