by charvo
Liquidity withdraw.
Lowest weekly Fed stimulus since the market top.
Not only that:
Public debt increased ~4x the Fed’s $60B in the last 7 days!
Largest net decline in Fed assets vs. government debt since the repo crisis started.
Debt overhang sucking all new liquidity. pic.twitter.com/lcFjk2PuX5
— Otavio (Tavi) Costa (@TaviCosta) May 29, 2020
“We are dialing down our positive outlook” on stocks, says JPMorgan’s @MarkoKolanovic4.
A delayed reopening of the economy (as #COVID19 gets politicized) and a “complete breakdown” of US/China relations “would justify equities trading drastically lower.” pic.twitter.com/hCRIIbK9m4
— Carl Quintanilla (@carlquintanilla) May 28, 2020
CREDIT SUISSE: THE FED HAS CREATED THE ILLUSION OF YEARS OF FORWARD EARNINGS IN 2 MONTHS WITH QE – CNBC bubble
— FXHedge (@Fxhedgers) May 28, 2020
There is war of power.. i’m not surprised to see a real war.. china is getting stronger.. too much strong for trump pic.twitter.com/8Jv8AHhj59
— Alessio Urban (@AlessioUrban) May 28, 2020
It’s undeniable.
Overwhelmingly bullish sentiment at record valuations. https://t.co/HqRTlOFWtK
— Otavio (Tavi) Costa (@TaviCosta) May 29, 2020
They haven't been very good since 2013.
They certainly don't justify past or current valuations. https://t.co/fmTiKZhPTm— Jack Scott (@JackPScott) May 28, 2020
Sentiment & stock prices have continued to disconnect if looking particularly at UM’s measure of consumer confidence … spread between 1m % change in S&P 500 vs. UM sentiment has never been wider @WSJ @DowJones pic.twitter.com/ITRSEz9cp3
— Liz Ann Sonders (@LizAnnSonders) May 28, 2020
Latest survey from @doxo shows that individuals still very likely to delay bill payment, with rent topping list @SoberLook pic.twitter.com/E1GWgc486g
— Liz Ann Sonders (@LizAnnSonders) May 28, 2020
– Parts of Minneapolis are burning
– More than 40m jobs have been lost
– On the 31st of July additional Federal unemployment payments end
– Meanwhile Wall St heads ever higher after trillions in ongoing govt intervention
It sounds like a scenario from a dystopian novel pic.twitter.com/4kDmbW3c7x
— Avid Commentator 🇦🇺 (@AvidCommentator) May 29, 2020
Live footage of Amy Klobuchar’s VP chances https://t.co/7GZOs3FpQY
— Ken Klippenstein (@kenklippenstein) May 29, 2020