Mean reversion is brutal and markets are merciless – be ready for everything in May…. Would like to see 2200 retest

Stocks gapped DOWN the most ever in March.

Stocks gapped UP the most ever in April.

In 30 years of $SPY, this extreme Vol was *mostly* in transitions between Bull<>Bear markets.

Mean reversion is brutal and markets are merciless – be ready for everything in May.$ES_F $SPX pic.twitter.com/bA6sfmrsdK

— Macro Charts (@MacroCharts) April 30, 2020

https://twitter.com/NorthmanTrader/status/1255954782914740228

would like to see 2200 retest pic.twitter.com/sBenNdtcvi

— Alastair (@StockBoardAsset) April 30, 2020

https://twitter.com/hks55/status/1255968751285080066

S&P500 . ITS OVER!!! pic.twitter.com/0wKyJjidDU

— The Great Martis (@great_martis) April 30, 2020

Tim Cook has no idea what the replacement cycle
of the new normal is going to be.

And he’s using $50B on a buyback now.
Such a reckless move IMO

— Reminiscences of an American Capitalist (@4Awesometweet) April 30, 2020

Everything you need to know in one chart 😂😂@DiMartinoBooth @frugalprofblog @OpenOutcrier https://t.co/Ifo8JtikNJ

— Reminiscences of an American Capitalist (@4Awesometweet) April 30, 2020

World trade will likely contract by double digit rate in 2020

via @OxfordEconomics @SoberLook pic.twitter.com/by3YTjHZeN

— Gregory Daco (@GregDaco) April 30, 2020

US imports plunging faster than US exports hence the artificial #trade boost to Q1 #GDP growth of 1.3ppt

via @OxfordEconomics @SoberLook pic.twitter.com/lA8OmlUH1b

— Gregory Daco (@GregDaco) April 30, 2020

March personal income -2% vs. -1.7% est. & 0.6% in prior month; personal spending -7.5% (chart below) vs. -5.1% est. & 0.2% in prior month … largest 1m drop for spending in history of series (back to 1959) pic.twitter.com/JGphSC7qsD

— Liz Ann Sonders (@LizAnnSonders) April 30, 2020

J.Crew Prepares to File for Bankruptcy https://t.co/uCEepnz6XR

— Win Smart, CFA (@WinfieldSmart) April 30, 2020

Aren't there enough incentives not to work in this country? pic.twitter.com/uu5CGW4HhU

— Win Smart, CFA (@WinfieldSmart) April 30, 2020

Eurozone GDP contracts by 3.8%, the sharpest drop ever

McDonald’s Q1 earnings fall 17%