Closing the week with this fantastic chart and commentary from @justinaknope :
"duration is back in vogue"
"dealing another blow to the embattled Value strategy as investors pile into Tech shares beloved for their earnings prospects."
More here: https://t.co/xAktPkfRpl
— Macro Charts (@MacroCharts) November 6, 2020
— SentimenTrader (@sentimentrader) November 6, 2020
Just 32% of MSCI World stocks are beating the index YoY, lowest in 12Y.
This is exactly the same level as May ‘99/Mar ‘08.
Poor internals can be a red flag, but add record valuations & an elevated VIX to the mix – only 4X in 45Y.
This combo tends to occur around market tops. pic.twitter.com/jWU92N26xf
— Julien Bittel, CFA (@BittelJulien) November 6, 2020
A record 1.2 million people became unemployed for more than 27 weeks in October pic.twitter.com/vnMckRecbS
— zerohedge (@zerohedge) November 6, 2020
'The Cboe Volatility Index’s futures curve jumps higher in December and factoring in the holidays contained in the December period makes the contract look even more expensive.' https://t.co/nloClFz5HN pic.twitter.com/ukkqajbbN2
— Jesse Felder (@jessefelder) November 6, 2020