— Jesse Felder (@jessefelder) October 30, 2020
Closing the week with an update of my favorite "Smart Money" indicator:
Corporate Insiders sold the Top perfectly, one of their biggest Sells ever.
More important: they haven't stopped selling – there's room to push much lower if they want. This isn't 2016.
Stay tuned… HAGW! pic.twitter.com/fvzyenkKLE
— Macro Charts (@MacroCharts) October 30, 2020
Fed trigger biggest buying program of the day. pic.twitter.com/zdq1TyP4Hp
— zerohedge (@zerohedge) October 30, 2020
ECB Survey of Professional Forecasters: long-term expectations have stabilised both for inflation and GDP, although I suspect that real expectations are more like ¯\_(ツ)_/¯. pic.twitter.com/J925pV6RkS
— Frederik Ducrozet (@fwred) October 30, 2020
More evidence underpinning a deterioration in EUR/USD. The spread in US vs. EZ consumer confidence ticked higher in Oct amid a growing number of Covid cases across Europe. A bout of further rel. strength would be a headwind. Divergences tend to close via EUR/USD closing the gap. pic.twitter.com/j5wJDfuNKV
— Julien Bittel, CFA (@BittelJulien) October 30, 2020