— Christophe Barraud🛢 (@C_Barraud) August 19, 2020
S&P 500 earnings real yield is at its lowest level in a decade!
Prior lows were also times that gold outperformed equities.
What’s different this time?
Stocks have never been at record highs with fundamentals severely depressed.
Time to buy gold & sell stocks. pic.twitter.com/Yiw4h4DS6Q
— Otavio (Tavi) Costa (@TaviCosta) August 19, 2020
The S&P 500 made new all time highs yesterday with just 6% of stocks making new 52 week highs. pic.twitter.com/78HomhFQyy
— Julien Bittel, CFA (@BittelJulien) August 19, 2020
Nine Nagging Negatives For The US Equity Market https://t.co/27kPm5mYHR
— zerohedge (@zerohedge) August 19, 2020
NO FEAR: $SPY volume is DEAD, only $12b traded past two days, lowest reading since Christmas Eve. Even some single stocks traded more, which rarely happens. No one tweaking their portfolio, feeling content, a confluence of Fed pacification, late summer-ness and sports returning.. pic.twitter.com/yHmbTw8r7L
— Eric Balchunas (@EricBalchunas) August 18, 2020