Small caps, a big testament for the real shape of the economy.
Russell 2k to Nasdaq ratio is now near all-time lows.
About to retest the tech bubble levels.
The big difference this time:
Small caps already peaked 2 yrs ago.
They've been trending with lower highs since then. pic.twitter.com/SURxO2J6S8
— Otavio (Tavi) Costa (@TaviCosta) September 29, 2020
Credit Card growth pic.twitter.com/sAKbUmr0GA
— Win Smart, CFA (@WinfieldSmart) September 29, 2020
Average tax rates for the rich in the US have been cut massively over the last decades. New article on the rise of income and wealth inequality in America by @gabriel_zucman:
— Philipp Heimberger (@heimbergecon) September 29, 2020
$QQQ Calls still being bought at one of the highest rates in history – almost no fear for a 14% drop.
Still a lot of complacency out there – at this pace, could be a long road until it gets cleared out.
Stay nimble. pic.twitter.com/aXUgUp0LKr
— Macro Charts (@MacroCharts) September 30, 2020
🇨🇭 #SNB | The Swiss National Bank bought 90 billion francs ($98 billion) worth of foreign exchange in the first six months of 2020, forced to step up its battle against the strong franc as the coronavirus pandemic roiled markets – Bloomberg pic.twitter.com/AuVzKM1aLD
— Christophe Barraud🛢 (@C_Barraud) September 30, 2020