by mark000
Liquidity crisis via @StrongEconomics
Original article: t.co/J5hi7LJLzH pic.twitter.com/H8pC01SLKB
— Hard times (@SakiSamoa7) June 2, 2022
China warns US ban on Xinjiang goods would ‘Severely Disrupt’ ties
After hitting a record high in Q2 2021 (13.5%), S&P 500 profit margins are moving back down again. But at 12% they're still well above the 20-year average of 8.5%. pic.twitter.com/8hqrHWB0Kr
— Charlie Bilello (@charliebilello) June 2, 2022
Jamie Dimon says ‘brace yourself’ for an economic hurricane
Or buy commodity (food) stocks $RIBT
Follow the money! 💰🏃♂️💨 t.co/0f0W2LY6Nz pic.twitter.com/sMYjB0pPHH
— Rɪᴘᴘʏ🔻🔺️ (@StocksThatRips) June 2, 2022
The S&P is two years overbought and the two prior overbought readings this year led to rollover AHEAD of the FOMC. In addition, there has been ZERO capitulation by traders:
Tesla shares drop after report Musk wants 10% job cuts amid “super bad feeling” about economy