$spy $spx $qqq $iwm wow, how scary is this..?? s&p vs corporate profits after taxes… pic.twitter.com/uOyMB5m0At
— jim mckee (@jimmckee18) July 18, 2020
259,848 new cases of coronavirus were reported on Friday, the biggest one-day increase so far, according to WHO. 27% was in the U.S. 7,360 new deaths worldwide pic.twitter.com/7oeOmBMsh6
— BNO Newsroom (@BNODesk) July 18, 2020
Despite some indicators flashing overbought, it is very likely that $ES will enter a mini parabola phase. After that – and if the market realizes what a "blue sweep" means for the economy – a significant sell off will come. $SPY $NQ $QQQ
— hks55 (@hks55) July 18, 2020
PROPERTY DELINQUENCY BY TYPE pic.twitter.com/H97ZWwSIkJ
— Win Smart, CFA (@WinfieldSmart) July 18, 2020
Stay safe out there, folks.
Remember the Tech Bubble?
If we include Facebook, Amazon, Netflix & Google, the tech sector now weights a record of 37% of the S&P 500!
Meanwhile:
Aggregate sales for the sector make up only 10% of the index.
Precisely the same % it was in 3/2000. pic.twitter.com/lJfklfp2NF
— Otavio (Tavi) Costa (@TaviCosta) July 18, 2020
Big 4 states continuing claims. pic.twitter.com/L8aLq4SaSy
— Market Musings (@AndysCycles) July 18, 2020
Loan Loss Reserves pic.twitter.com/npUrM9cm4j
— Don Draper (@DonDraperClone) July 18, 2020
#recession … #GFC2 US edition
The #Fed will inflate their #inflation target, without being able to inflate the actual #inflation rate itself. #Japanification t.co/FeG5VgMgoU pic.twitter.com/Q65TDwmZ5L
— Invariant Perspective (@InvariantPersp1) July 18, 2020
WORLDWIDE
WEALTH0.7% control $128 Trillion pic.twitter.com/lMZImrAHO5
— Win Smart, CFA (@WinfieldSmart) July 18, 2020
US Employment Stalls As Trillion-Dollar Deficits Mount
New tax revenue data released by the Treasury Department on Monday shows that tax revenue further worsened in June (compared year over year) from May’s already cratering total. On the plus side, neither May nor June has returned to April’s historic plunge in revenue.
Is This Why the Fed Wants Inflation to Run Hot?: Debt-Deflation Double-Down
Corporate bankruptcies are set to soar as companies double-down on debt.
More Stimulus Is Critical, Economic Recovery Further Away Than Markets Think: BlackRock CEO Fink
The U.S. economy is going to take longer to recover from the hit from the coronavirus pandemic than the market expects, and more stimulus is critical, BlackRock Inc Chief Executive Larry Fink said on Wednesday.
Macquarie Sees the Dollar Weakening Ahead of U.S. Presidential Election
Macquarie’s foreign exchange strategist says the currency can sometimes weaken around political events in the U.S., like the 2011 debt crisis or 2016 election.