#Europe’s Fading Rebound Turns V-Shape Recovery Into Bird Wing – Bloomberg
*High-frequency indicators signal slowdown as virus cases gain
*Return to pre-virus levels of activity won’t be any time soon
*Link: https://t.co/CzcO8OQiQp pic.twitter.com/MbxEVDt4A1— Christophe Barraud (@C_Barraud) August 18, 2020
#Pandemic triggers wave of billion-dollar US #bankruptcies – FT
*Link: https://t.co/mRi1vfEAHr pic.twitter.com/6pxg1SrvNQ— Christophe Barraud (@C_Barraud) August 22, 2020
American Investors Are Feeling Lucky – Bloomberg
*#Covid_19 has decimated economies around the world, but not markets — or investors’ expectations.
*Link: https://t.co/R5uGPuRwdo pic.twitter.com/cPji078a8C— Christophe Barraud (@C_Barraud) August 20, 2020
G-4 central bank balance sheets have expanded nearly $5.7tn (16% of G-4 GDP) since February.
Asset purchases should increase G-4 balance sheets from $21.5tn (57% of GDP) now to nearly $27tn (67% of GDP) by end-2021. pic.twitter.com/Yb1rKBD9Pw
— Daniel Lacalle (@dlacalle_IA) August 17, 2020
#SPX | Bears Are Going Extinct in Stock Market’s $13 Trillion Rebound – Bloomberg
*Link: https://t.co/3GT6UeFPgd pic.twitter.com/5wU8VmzRCg— Christophe Barraud (@C_Barraud) August 22, 2020
#NAAIM allocation levels now approach exuberance levels. Above the February high level on a 4-week moving average. #Exuberance pic.twitter.com/Vv8yshWzPs
— Lance Roberts (@LanceRoberts) August 22, 2020
Gamma Exposure is at its highest level ever!!!
The previous record was in January 2020, a month before stocks collapsed in the fastest bear market ever.
This market is all greed, no fear! pic.twitter.com/AjPF2ipTsC
— SentimenTrader (@sentimentrader) August 20, 2020
Meanwhile, risks of a black swan event are rising.
SKEW Index's 50 day average is at the highest level in almost 2 years pic.twitter.com/j0d6w5NgPt
— SentimenTrader (@sentimentrader) August 20, 2020
THe S&P500 is now the S&P5 pic.twitter.com/v7HJyNAJ8Y
— zerohedge (@zerohedge) August 21, 2020
NO FEAR: $SPY volume is DEAD, only $12b traded past two days, lowest reading since Christmas Eve. Even some single stocks traded more, which rarely happens. No one tweaking their portfolio, feeling content, a confluence of Fed pacification, late summer-ness and sports returning.. pic.twitter.com/yHmbTw8r7L
— Eric Balchunas (@EricBalchunas) August 18, 2020