Anyone who thinks THIS is capitulation is a useful idiot.
Who wants to be on record ignoring the largest collapse in history while it happened?
Permanent loss of credibility. pic.twitter.com/lWUTttYCZS
— Mac10 (@SuburbanDrone) July 21, 2022
Inventory glut anyone? Recession in production https://t.co/tuWlf56lF3
— Alessio (@AlessioTMAD) July 21, 2022
Lo spread
244bps.. QE + rate hikes doesnt seem a good strategy pic.twitter.com/9qxOuqQl0o
— Alessio (@AlessioTMAD) July 21, 2022
weekly demand for gasoline in US is weakening
stocks jump pic.twitter.com/HWC168KnKe
— Alessio (@AlessioTMAD) July 20, 2022
10yr vs 2 year bond is its most inverted since the Tech Bubble 2000- surpassing even the dire inversion from 2007
Every time this inversion has happened this decade the #Sp500 suffered a peak to trough of -50% within the next 12 months & #recession . Shown in the data below pic.twitter.com/klrHOXu6vv
— The Punisher (of Wall ST) (@GregCrennan) July 20, 2022