Top 10 Macro/Financial Charts of the Week – w51
Bank of America Flags Sell Signal for Stocks as Investors Rush Out of Cash – Bloomberg
*Link: https://t.co/nofjzy6MZ9 pic.twitter.com/eLp7bUTZTX— Christophe Barraud (@C_Barraud) December 15, 2020
The Nasdaq 100 Index has only stumbled twice in the last 16 trading sessions as it has posted record after record – Bloomberg
*That has pushed the share of members trading above their 200-day moving averages close to 90%. pic.twitter.com/YYzMXUHnYS— Christophe Barraud (@C_Barraud) December 17, 2020
This year brought heartache to MAIN STREET but joy to WALL STREET. Next yr, if vaccines vanquish coronavirus & econ rebounds, it could be time of celebration for both, Barron's wrote in its Outlook2021 cover story. This is important b/c Main Street can afford fewer & fewer shares pic.twitter.com/DFzHEeRUpZ
— Holger Zschaepitz (@Schuldensuehner) December 19, 2020
5. More on the relative valuations/ERP case:
"today’s equity risk premium is near the wider end of its 50-year range (which was not the case in 2000)"
h/t @RickRieder https://t.co/IEgoWuI8dX $SPX $SPY pic.twitter.com/hqhu3m6Lsd
— Callum Thomas (@Callum_Thomas) December 19, 2020
The proportion of global stocks above their 200-DMAs is now above 80% (close to record high) – Bloomberg TV Chart
*HT @DavidInglesTV pic.twitter.com/ofra3sE2zk— Christophe Barraud (@C_Barraud) December 18, 2020
Still strong breadth for major indices … % of members above 200d moving averages:
S&P 500: 92.3%
NASDAQ 100: 90.2%
Russell 2000: 88.7%
NASDAQ: 81.1% pic.twitter.com/cNA8oAHeFY— Liz Ann Sonders (@LizAnnSonders) December 18, 2020
Euphoria now spiking past tech bust levels in @Citi Panic/Euphoria model @SoberLook pic.twitter.com/ja619GsUi2
— Liz Ann Sonders (@LizAnnSonders) December 16, 2020
A Speculative Frenzy Is Sweeping #WallStreet and World Markets – Bloomberg
*Link: https://t.co/b8YfMw3vpT pic.twitter.com/lay7KhSyju— Christophe Barraud (@C_Barraud) December 20, 2020
This is fine pic.twitter.com/sOsh2QNQgP
— zerohedge (@zerohedge) December 15, 2020
Great chart from @JimReid35 – only 10 stocks separate US and European returns pic.twitter.com/ada5cON5DO
— zerohedge (@zerohedge) December 16, 2020