🇺🇸 Villain No. 1 Stands Out Among Market Suspects – Bloomberg (by @johnauthers)
*The top five #Tech companies YoY:
➡ Sales +11.2%; Net margin 17.5%
*The rest of #SPX YoY:
➡ Sales +0.8%; Net Margin 10.2%
— Christophe Barraud🛢 (@C_Barraud) July 30, 2020
Could this be the end of NASDAQ 100's glory days?
The NASDAQ 100 is on the verge of underperforming the S&P 500 for the first time in 9 months.
The only streak that saw longer tech outperformance was in March 2000. pic.twitter.com/XGy0STNwpJ
— Troy Bombardia (@bullmarketsco) July 30, 2020
Is The Nasdaq About To Collapse Into A Gamma Vortex https://t.co/SB0zOZVR8G
— zerohedge (@zerohedge) July 30, 2020
Saying the AAII survey represents "investor sentiment" is like saying AARP represents "people".
And if you bought stocks the last time "investor sentiment" was this low for this long, you woulda had a hefty 49% drawdown. pic.twitter.com/VzDrv8Soyb
— SentimenTrader (@sentimentrader) July 30, 2020
Not good. Latest weekly department vs. discount store retail sales are nearing the lows again YoY after a period of consolidation following #COVID19 lockup. In Jan ‘09 this spread went screaming higher along w/ consumer confidence. Clearly the wrong direction for a “V” narrative. pic.twitter.com/7wMfvNRlOz
— Julien Bittel, CFA (@BittelJulien) July 30, 2020