A massive 40% of $SPX Stocks are still down >20% from their highs.
This gauge peaked in JUNE – it's not just a narrow market, it's one of the weakest in history.
Unless there's substantial improvement soon, ANY selling of the few remaining leaders could trigger a Major decline. pic.twitter.com/6WkbYl1wLD
— Macro Charts (@MacroCharts) October 7, 2020
— Nautilus Research (@NautilusCap) October 7, 2020
The relative performance of global material vs. global healthcare stocks peaked almost 4W ago after posting an impressive 20% rel. return over 6M. Looking ahead, especially if the dollar continues to rise, HC stocks could be positioned for a period of significant outperformance. pic.twitter.com/bq5ZLqL4UU
— Julien Bittel, CFA (@BittelJulien) October 7, 2020
Just to put things into perspective: #Spain's stocks are the worst performing in Europe this year. Spain is only expected to recoup lost output due to #Coronacrisis by 2024, the latest among the 10 largest economies in the euro area. https://t.co/TV0NQwQ0EV pic.twitter.com/HVkEG3eKN4
— Holger Zschaepitz (@Schuldensuehner) October 7, 2020
Climate change facts: Chinese CO2 emissions are more than double those of the US, and greater than US and EU combined. pic.twitter.com/ZpJCoPaUjB
— zerohedge (@zerohedge) October 6, 2020