🇺🇸 The trailing price-to earnings ratio of the #SPX Information #Technology Index is close to 30, while the same ratio for consumer-discretionary stocks is fast approaching 40, in large part thanks to a record rally in #Amazon – Bloomberg pic.twitter.com/K8O3jbMBrq
— Christophe Barraud🛢 (@C_Barraud) July 7, 2020
Speculators covered even more Shorts last week, almost turning Long.
This was the second largest 2-week net increase of all time, rivaling Sept 2007.
Looking at history – at a minimum, this positioning is no longer a clear supportive signal for Stocks. pic.twitter.com/B1VJlYRYND
— Macro Charts (@MacroCharts) July 7, 2020
This is only 10th time since 1830 that US money supply growth has gone >20%. On all prev occasions nominal GDP soon moved comfortably into double digits, mostly through inflation, DB’s Reid says. Maybe this time is different. He runs little inflation poll https://t.co/jBKKMusTxe pic.twitter.com/C9VOVWOxce
— Holger Zschaepitz (@Schuldensuehner) July 7, 2020
— Sven Henrich (@NorthmanTrader) July 7, 2020
— jeroen blokland (@jsblokland) July 7, 2020