Speaking of money printing.….
Capex estimates for the S&P 500 only improved 2.5% from their lows.
Still down 16% YoY.
If the pandemic keeps deteriorating….. one would wonder….
How much more monetary & fiscal stimulus to cover this hole? pic.twitter.com/l1ru6xTghw
— Otavio (Tavi) Costa (@TaviCosta) November 16, 2020
S&P looks a tad overvalued
— Win Smart, CFA (@WinfieldSmart) November 15, 2020
Rising protests of #COVID19 restrictions in Europe may be an indicator for the U.S. in the months ahead. The US has had fewer restrictions compared to Europe so far this fall, but new cases are similarly rising and restrictions are looking more likely. h/t https://t.co/ccX3iggaLL pic.twitter.com/nxBqX53RLX
— Jeffrey Kleintop (@JeffreyKleintop) November 16, 2020
This type of signal typically results in either a period of consolidation (e.g. like June 2009) or major pullback (incl. Jan 2018 & July 1987/warming up for Oct '87). pic.twitter.com/KuCBZ31KOb
— chris watling (@LongviewEcon) November 16, 2020
— Jesse Felder (@jessefelder) November 16, 2020