Daily Archives: August 30, 2020

#SPX | Bets against stocks drop to 15-year low as market rallies – FT
*Link: https://t.co/ROlBApYIJq pic.twitter.com/bp7x3U6syu

— Christophe Barraud (@C_Barraud) August 30, 2020

$SPX Gamma Exposure (updated).

21DMA in the Top 20 days in data history (0.85%), just passed the JAN 2018 peak value – still climbing, with JAN 2020 now in sight.

Watching closely how this develops and IF/when it turns down.

Will revisit in the coming weeks – stay tuned. pic.twitter.com/Y8b9F1r3rg

— Macro Charts (@MacroCharts) August 28, 2020

Speculative options trading reached the equivalent of 12% of NYSE volume last week.

Like some combustible combo of musical chairs, Russian roulette, and five finger fillet.

How many traders can dance upon the head of a pin? pic.twitter.com/nsCeyKH093

— SentimenTrader (@sentimentrader) August 29, 2020

Put Call Ratio Weekly – Scotty says "All in Baby" – the markets are showing 2 Kings – the problem is Scotty has 2 Aces hidden 🙂 So many things depend on the FAAMNGs going higher. pic.twitter.com/y3Qv656nSf

— David Larew (@ThinkTankCharts) August 30, 2020

The S&P 500 set a 52-week high for a week straight.

Every one of the sessions had a negative McClellan Oscillator.

This has never happened before, using S&P stock data to 1998 or all NYSE securities back to 1962. pic.twitter.com/b5lpEl6XVt

— SentimenTrader (@sentimentrader) August 28, 2020

The NAAIM Exposure Index hit 106.56 this week, which is the second highest reading in the history of this indicator (the highest being in December 2017, a few weeks before the January 2018 market top). Notice the long term trend line… Top soon pic.twitter.com/AYFpspaDD9

— David Larew (@ThinkTankCharts) August 29, 2020

Dark Pool buying activity has plunged while $SPX sentiment has reached an extreme. Typically a deadly combination. pic.twitter.com/3YOiN2XexS

— Comped Capital (@CapitalComped) August 29, 2020

You can’t make this up…

Nasdaq vs. US banks.

Just wild.
This can’t go on forever. pic.twitter.com/4hzLplMaVq

— Otavio (Tavi) Costa (@TaviCosta) August 27, 2020

$AAPL speculative options activity is spiking into the stratosphere.

Will be fascinating to see how far this mania goes – maybe new records? I'll revisit this soon.

Remember: the blow-offs in '07/'12 led to collapses of 45-60% next 12M. Enjoy the ride, but don't forget gravity. pic.twitter.com/qZAYX317pS

— Macro Charts (@MacroCharts) August 25, 2020

AAPL just 2% away from surpassing the entire Russell 2000. This is absolute insanity pic.twitter.com/mblZO5TAZv

— zerohedge (@zerohedge) August 28, 2020

Europe

According to the European Centre for Disease Prevention and Control, 22 European countries have crossed a key threshold of new coronavirus infections. Latest data showed that the countries have recorded cumulative 14-day infection totals higher than 20 per 100,000 inhabitants, considered an early alarm level by many health experts.
 

Source: European Centre for Disease Prevention and Control (data as of Aug. 29th)

 

Germany

#Germany's confirmed #coronavirus cases rise by 785 (v 1,479 yesterday) – RKI
*Link: https://t.co/LoHFnnUCU0 pic.twitter.com/pRDFnvf8kk

— Christophe Barraud (@C_Barraud) August 30, 2020

 

Spain

Virus resurgence darkens Spanish outlook https://t.co/JjKJ7LkcQd

— FT Economics (@fteconomics) August 28, 2020

 

France

#FRANCE REPORTS 5,453 NEW #CORONAVIRUS CASES IN PAST 24 HOURS (v 7,379 prior)
*Positivity Rate: 4.0%❗(v 3.9% prior).
*Santé Publique France: https://t.co/bZLT3Rguuz pic.twitter.com/thP4bhD3Kj

— Christophe Barraud (@C_Barraud) August 29, 2020

Mise à jour avec les données du jour pour les tests (26/08), ⚠️taux de la semaine 35 (cette semaine) sont estimés uniquement avec les données des 24-25-26/08 (suivre l'évolution avec les données disponibles les prochains jours). pic.twitter.com/0evzIRcYzW

— Germain Forestier (@gforestier) August 29, 2020

 

Italy

#ITALY REPORTS 1,444 VIRUS CASES VS 1,462 FRIDAY
*Link: https://t.co/KUR6CVKXRE pic.twitter.com/uVgH6mvBT3

— Christophe Barraud (@C_Barraud) August 29, 2020

Coronavirus in Italia, il bollettino del 29 agosto: 1.444 nuovi casi e un morto nelle ultime 24 ore https://t.co/d7Jr7Z4NVI

— Corriere della Sera (@Corriere) August 29, 2020

 


 

Daily New Confirmed Cases (7-day moving average)

 

Daily New Tests (7-day moving average)

 

Positivity Rates (7-day moving average)

 

Daily New Confirmed Deaths (7-day moving average)

World

Global corporations have announced more than 200,000 job cuts or buyouts in recent weeks, a worrying sign that more losses will come as furloughs turn into permanent layoffs https://t.co/JjRLAeyBrR

— Bloomberg Economics (@economics) August 30, 2020

Americas

Biden vs Trump: who is leading the 2020 US election race?
Check the polls and use our calculator to make your guesses on the battleground states.https://t.co/4tw8Y9GmnL

— FT Markets (@FTMarkets) August 29, 2020

He's been criticized for hibernating in his basement, but Joe Biden says he'll start to travel again — likely after Labor Day https://t.co/LjIVvI8rwe

— POLITICO (@politico) August 29, 2020

Here's what a Biden presidency would mean for Social Security. https://t.co/RcfBmxqvVs

— CNBC (@CNBC) August 30, 2020

Here's what a Biden presidency would mean for your taxes. https://t.co/dlevq537Kz

— CNBC (@CNBC) August 29, 2020

It has not been a good week for the FDA https://t.co/pxqDNuOTjz

— Bloomberg Asia (@BloombergAsia) August 29, 2020

The New York City teachers union prepared for a possible strike-authorization vote to delay opening school buildings if they don’t meet safety standards to protect staff from coronavirus https://t.co/vn2p92DH7r

— The Wall Street Journal (@WSJ) August 30, 2020

Asia

Global coronavirus tally soars past 25 million as India hits daily record https://t.co/6giYh5mM0D

— SCMP News (@SCMPNews) August 30, 2020

#China Curbs Exports of Some Artificial Intelligence Technologies – Bloomberg
*Link (Chinese): https://t.co/hA6dbAtMsAhttps://t.co/AzcVrFShAd

— Christophe Barraud (@C_Barraud) August 30, 2020

Thailand is finalizing a plan that would make it possible for retired, sun-seeking Europeans to spend the upcoming winter months in the country https://t.co/Zp8ZsPNv48

— Bloomberg Economics (@economics) August 30, 2020

Senior #China diplomat says it's possible to agree EU-China investment accord by end-2020 – Reutershttps://t.co/WWohpMFsjH

— Christophe Barraud (@C_Barraud) August 30, 2020

Europe

#Europe #Covid_19: Daily Summary (August 30th) https://t.co/WhUvChcIwp

— Christophe Barraud (@C_Barraud) August 30, 2020

The French finance minister is counting on banks to help the state salvage the economy by supporting companies hit by fallout from the coronavirus pandemic. https://t.co/jrp9RLtdxN

— Bloomberg Economics (@economics) August 29, 2020

Finance Minister Olaf Scholz said Germany should in two years time re-implement limits on the amount of new debt that the country can take on after borrowing huge sums to support the economy during the #COVID19 pandemic – BBGhttps://t.co/hgVfD5g0xS

— Anthony Barton (@ABartonMacro) August 29, 2020

#UK Treasury Officials Are Pushing for Significant Tax Hikes – Bloomberghttps://t.co/wniFZNm9nR

— Christophe Barraud (@C_Barraud) August 30, 2020

#SPX | Bets against stocks drop to 15-year low as market rallies – FT
*Link: https://t.co/ROlBApYIJq pic.twitter.com/bp7x3U6syu

— Christophe Barraud (@C_Barraud) August 30, 2020

The NAAIM Exposure Index hit 106.56 this week, which is the second highest reading in the history of this indicator (the highest being in December 2017, a few weeks before the January 2018 market top). Notice the long term trend line… Top soon pic.twitter.com/AYFpspaDD9

— David Larew (@ThinkTankCharts) August 29, 2020

Put Call Ratio Weekly – Scotty says "All in Baby" – the markets are showing 2 Kings – the problem is Scotty has 2 Aces hidden 🙂 So many things depend on the FAAMNGs going higher. pic.twitter.com/y3Qv656nSf

— David Larew (@ThinkTankCharts) August 30, 2020

Dark Pool buying activity has plunged while $SPX sentiment has reached an extreme. Typically a deadly combination. pic.twitter.com/3YOiN2XexS

— Comped Capital (@CapitalComped) August 29, 2020

Time for an update.

One single company is now worth 3.5x the entire precious metals industry.

A reminder:

Miners are the only industry to directly benefit from ultra-dovish monetary policies to fight “deflation”. https://t.co/FQJDdw6aBI pic.twitter.com/LVwDgminvV

— Otavio (Tavi) Costa (@TaviCosta) August 30, 2020