Top 10 Macro/Financial Charts of the Week – w2 (2021)

A Handful of Penny Stocks Just Made Up a Fifth of U.S. Volume – Bloomberg
*Six companies made up almost one-fifth of trading Monday.
*Link: https://t.co/Qn77Llatrz pic.twitter.com/LTWTJNHQYj

— Christophe Barraud (@C_Barraud) January 13, 2021

More than 1 trillion served.

Even before another spike in recent weeks, there were more than 1 trillion shares traded in penny stocks in December .

That's trillion with a "t.". A 1 with 12 zeros. pic.twitter.com/nTEWQbaNKD

— SentimenTrader (@sentimentrader) January 13, 2021

Commodity prices are reviving, and history suggests a prolonged upswing will mean a bearish outlook for stocks; the S&P 500 has never been so expensive, relative to commodity prices. (h/t Jim Reid, @DeutscheBank) https://t.co/22a61DJbea via @bopinion pic.twitter.com/9HjGFznq1n

— John Authers (@johnauthers) January 13, 2021

Short Interest in World’s Biggest #ETF Plunges to Decade Lows – Bloomberg
*#SPY shorts are languishing at around 2% of shares outstanding
*Link: https://t.co/GNYP4zVN3v pic.twitter.com/CD4Q3LiEPM

— Christophe Barraud (@C_Barraud) January 15, 2021

The total equity and index call options (5-day average volume) has exceeded 25 million since Jan. 8th – Bloomberg data pic.twitter.com/2KqjvRiyOr

— Christophe Barraud (@C_Barraud) January 14, 2021

We didn't think traders could get any more speculative than they were at the end of August.

We were wrong.

For the first time, small trader call buying (adjusted for equivalent shares) exceeded 9% of total NYSE volume last week. pic.twitter.com/WcyRPHq0dV

— SentimenTrader (@sentimentrader) January 16, 2021

Russell Microcap Index: More than 86% of the index’s components, whose median market value is $319 million, topped their 200-day moving average on Friday and Tuesday – Bloomberg pic.twitter.com/CUnSs5zHLe

— Christophe Barraud (@C_Barraud) January 14, 2021

This is quite the stat: 59 U.S.-listed stocks trade at multiples over 10x sales and have more than doubled in the past 3 months, via @bespokeinvest

Usually, there are only a handful of these companies. Now, 59! pic.twitter.com/JSsMjM9boK

— Steven Russolillo (@srussolillo) January 14, 2021

Goldman Sounds The Alarm On Stocks: When Euphoria Is This High, "It's A Good Time To Reduce Risk" https://t.co/RQqM77nVUF

— zerohedge (@zerohedge) January 17, 2021

Heading into Friday pic.twitter.com/PyOMCyzdZr

— zerohedge (@zerohedge) January 16, 2021