Daily Archives: July 17, 2020

Americas

U.S. shatters #coronavirus record with over 77,000 cases in a day – Reutershttps://t.co/nwNxGjDwLZ

— Christophe Barraud (@C_Barraud) July 17, 2020

#Trump demands payroll tax cut in next #Covid relief bill – Politicohttps://t.co/WXYFOAbfLD

— Christophe Barraud (@C_Barraud) July 17, 2020

U.S. targets all Chinese Communist Party members for possible travel ban – source – Reutershttps://t.co/Y6WG6fnaus

— Christophe Barraud (@C_Barraud) July 17, 2020

Asia

#Japan | #TOKYO #CORONAVIRUS CASES TODAY TO BE 290 OR ABOVE: FNN
*TOKYO SEEN HAVING MORE THAN 290 CASES TODAY: FNN

➡ It would be a new daily record high.

— Christophe Barraud (@C_Barraud) July 17, 2020

Tough new restrictions for NSW restaurants, bars and cafes as Crossroads Hotel cluster grows – SMHhttps://t.co/AIJPMKIT6P

— Christophe Barraud (@C_Barraud) July 17, 2020

Philippine Capital May Return to Lockdown as Infections Rise – Bloomberghttps://t.co/SKpNovxS3H

— Christophe Barraud (@C_Barraud) July 17, 2020

#Jakarta Keeps Loose Social Distancing Measures as Cases Surge – Bloomberghttps://t.co/jVdugjVsOo

— Christophe Barraud (@C_Barraud) July 17, 2020

Europe

#ECB Officials Didn’t Agree on Whether They’ll Use Full Bond Plan – Bloomberghttps://t.co/omgfT5VQA0

— Christophe Barraud (@C_Barraud) July 17, 2020

#Germany readies tougher lockdowns to ward off second wave – Yahoo (citing AFP)https://t.co/3Gh70gbPJi

— Christophe Barraud (@C_Barraud) July 17, 2020

Euphoric European Markets Look to Leaders for a Deal on Recovery – Bloomberg
*Link: https://t.co/EiDKhLW1c8 pic.twitter.com/19Z5PNXgm1

— Christophe Barraud (@C_Barraud) July 17, 2020

The ratio between the Nasdaq 100 Index and Russell 2000 Index is the highest since the last tech boom between December 1999 and June 2000, approaching a three-standard-deviation move from its mean quarterly average since 1985 – Bloomberg
*More charts: https://t.co/zE2TEnDQJb pic.twitter.com/GWaQaPn4VY

— Christophe Barraud (@C_Barraud) July 17, 2020

The cost of insuring European investment-grade credit against default has tumbled from the heights of the coronavirus turmoil, even as economic risks and pandemic concerns hammer earnings expectations – Bloomberg
*More charts: https://t.co/9QDabc5ZQY pic.twitter.com/gkzkF5ov0J

— Christophe Barraud (@C_Barraud) July 17, 2020

Closing the week with an important update:$NDX Daily Sentiment 50d has reached the Top 4% most overbought in history (20 years), and Top 1% since 2011.

Only 17 days in 9 years got this high:

Jan 26-Feb 1 2018
May 3-10 2019
Jan 20-27 2020

Monitoring – will revisit this soon. pic.twitter.com/e0JseHf5fY

— Macro Charts (@MacroCharts) July 17, 2020

The above driven by this https://t.co/gxJiIsabpb

— Teddy Vallee (@TeddyVallee) July 17, 2020

Global utilities are starting to look oversold here in relative terms… pic.twitter.com/veFACB8Sv4

— Julien Bittel, CFA (@BittelJulien) July 17, 2020