🇺🇸 #Nasdaq: the share of its members trading above their 200-day moving average soared to the highest in almost seven years – Bloomberg pic.twitter.com/opNhJJ37ie
— Christophe Barraud🛢 (@C_Barraud) December 8, 2020
So much for the end of the bull market on gold.
Here are the other 6 times gold fell more than 10% in its last cycle.
Mute the noise.
It’s time to own precious metals. pic.twitter.com/OeaptlbT8S
— Otavio (Tavi) Costa (@TaviCosta) December 7, 2020
The S&P 500 is currently diverging from US Consumer Confidence by a near record amount.
The only other period in this cycle where we diverged by a similar amount was Oct ‘19-Feb ‘20.
Consumer Conf. needs to stage a big comeback in 2021 to justify valuation & sentiment extremes. pic.twitter.com/DVR9qdx2l9
— Julien Bittel, CFA (@BittelJulien) December 8, 2020
The 21-month stochastic of #margindebt aligns well with short- to intermediate-term corrections in markets. When the stochastic level hits 100%, where it now, corrections or consolidations have usually followed. https://t.co/XQzEDmMSgU pic.twitter.com/v5PUVR5Ht6
— Lance Roberts (@LanceRoberts) December 8, 2020
'The greatest call-buying frenzy since the dot-com bubble' –
BofA pic.twitter.com/uLRiHF5k6b— jeroen blokland (@jsblokland) December 8, 2020
