When Fed loses its jawboning power this market will collapse like a house of cards. Until then, ride the bubble wave…

When Fed loses its jawboning power this market will collapse like a house of cards. Until then, ride the bubble wave $SPY $SPX $NDX

— hks55 (@hks55) July 1, 2020

Wow. Nasdaq is up 1% while semis (SOX) down 1%. Last time that happened was in July 2009!

— Bespoke (@bespokeinvest) July 1, 2020

Citi analysts on the gap between weak fundamentals & strong markets: "Our US equity strategists characterize the sentiment as euphoric with more than 80% probability of negative returns in the next 12 months. In our view, everything has to go right for equity markets to be right"

— Lisa Abramowicz (@lisaabramowicz1) July 1, 2020

New record highs Nasdaq

The economy is booming

— Alessio Urban (@AlessioUrban) July 1, 2020

Vacations Planes. V anywhere?🤔 @fxatpar @ororealty @juanjoseblesa @Javier30670747 @ezkappdo @nathani_manoj @wade90_ @wheeliedealer @investor1927 @siddiqui71 @rober85348744 @2020ninewaves @ThePitBoss16 @scar_david @jraixelamarkets @InvestWatchBlog @siddiqui71 @autoctoNO_it pic.twitter.com/T1Nfii421q

— Antonio Pérez Algás (@apanalis) July 1, 2020

The Real V🤨 @ororealty @juanjoseblesa @Javier30670747 @ezkappdo @nathani_manoj @wade90_ @wheeliedealer @investor1927 @siddiqui71 @rober85348744 @2020ninewaves @ThePitBoss16 @scar_david @jraixelamarkets @InvestWatchBlog @siddiqui71 @autoctoNO_it @alberto95256855@Shango2000 pic.twitter.com/5RL9NjPx5t

— Antonio Pérez Algás (@apanalis) July 1, 2020

The Fed Promotes a Quickening that Takes Many Years

The minutes of the June 9-10 FOMC meeting are nothing but economic nonsense after nonsense. t.co/MFArnDlzI9

— Mike "Mish" Shedlock (@MishGEA) July 1, 2020

One argument for virus/closure/reopening headlines to not be mattering is that as long as Congress is willing to keep a floor under household incomes, then anything we're seeing in the meantime just shifts where spending goes. I don't know if I buy it. But theoretically possible.

— Joe Weisenthal (@TheStalwart) July 1, 2020

Businesses are "re-closing" just weeks after re-opening. NFIB data shows 70% of small businesses can survive only 3-4 months of this. 50% can survive just 1-2 months. Small businesses account for 64% of private-sector jobs. t.co/TAgIc2UIT8

— Joshua Steiner (@HedgeyeFIG) July 1, 2020

84 Central Banks have cut rates in 2020…

Interest rates AROUND THE WORLD are at ZERO.

Next steps:

a) Helicopter Money
b) Negative Interest Rates

🤯

— Gold Telegraph ✪ (@GoldTelegraph_) July 1, 2020

Fed's Daly sees four to five year recovery in best-case scenario t.co/NjRCfxsrda pic.twitter.com/8S9p46W09m

— Reuters Business (@ReutersBiz) July 1, 2020

*MCDONALD'S PAUSING U.S. REOPENING PLANS: DJ

— LongConvexity (@LONGCONVEXITY) July 1, 2020

Trading with fried air pic.twitter.com/6FwwTPkJ7h

— Alessio Urban (@AlessioUrban) July 1, 2020