Puff, what we're witnessing is the start of 1929 with a nuclear warhead attached to it, and that's no hyperbole
CB's have lost all control
— Farris BABA (@farrisbaba) November 19, 2020
We are here in the midst of a pandemic, election turmoil, geopolitical tensions, and unrest pic.twitter.com/C63mpPb2V3
— Farris BABA (@farrisbaba) November 17, 2020
Bonds continue to tell a more pessimistic story than stocks. The total volume of negative yielding debt outstanding is holding above $17 trillion, near its record high. pic.twitter.com/aOg5sLd5q0
— Lisa Abramowicz (@lisaabramowicz1) November 19, 2020
Want a #mortgage? You better have great credit, a job, and a downpayment. pic.twitter.com/NACjnAF1vP
— Lance Roberts (@LanceRoberts) November 19, 2020
S&P 500 Profits Are Based On The Economy – SPX Prices Likely to Revert To Mean – h/t @LanceRoberts on his analysis of corp profits vs SPX levels. S&P 500 GAAP earnings were -33% for 3rd Qtr, 4th Qtr maybe better. But… pic.twitter.com/jIFh6zgqSD
— Patrick Hill (@PatrickHill1677) November 19, 2020
One argument for buying stocks right now is that they look attractive versus bonds, which yield historically little. But on one measure, stocks look the least attractive vs bonds in two years. The S&P's earnings yield is the lowest vs 10-year Treasury yields since 2018. pic.twitter.com/v8zAaVt4Xx
— Lisa Abramowicz (@lisaabramowicz1) November 19, 2020
Zombies still walking around … >500 companies in Russell 3000 are considered zombies, 200 of which recently joined because of pandemic; their obligations now total $1.4 trillion—more than 2x $500 million at height of GFC @Bloomberg pic.twitter.com/OcwWu6ukiH
— Liz Ann Sonders (@LizAnnSonders) November 18, 2020
Speculative options activity has taken a huge hit…$QQQ Call activity has completely erased the Aug-Sep mania spike.
Many key Tech names have seen a total buyer's implosion.
The market has done a masterful job of punishing the Aug-Sep euphoria… simply by going sideways. pic.twitter.com/zlQDHJ2gGu
— Macro Charts (@MacroCharts) November 19, 2020
AAPL probably topped on that last spike towards 140. When did AAPL stock split again? Oh yeah….
Bagholders galore coming. pic.twitter.com/iddwT93vTN— Puff Dragon (@PuffDragon11) November 19, 2020
#recession … #Global $USD #Liquidity #Squeeze edition
US #corporate #bonds were sold in record quantities during the past few months… $LQD $HYG $JNK 📉t.co/X8hYLLniUS pic.twitter.com/ljfC0FfDul
— Invariant Perspective (@InvariantPersp1) November 19, 2020
FUND MANAGER'S CASH ALLOCATION pic.twitter.com/pXnevDhi8h
— Win Smart, CFA (@WinfieldSmart) November 19, 2020
Initial Jobless Claims Re Accelerated Last Week, Pandemic Claims Continue To Soar
..as Americans fall off those ‘standard’ claims rolls, they are transitioning to the Pandemic Emergency Claims rolls…
One in seven UK companies fear they are at risk of collapse, ONS survey finds