🇬🇧 Cargo volumes moving through "London’s Heathrow Airport in June rose slightly from the lowest levels since at least 2005 reached earlier this year as the #Covid_19 continued to wreak havoc in supply chains, data from the hub showed – Bloomberg
*Volumes declined 32% YoY. pic.twitter.com/rIRxFWSGsW
— Christophe Barraud🛢 (@C_Barraud) July 14, 2020
— Liz Ann Sonders (@LizAnnSonders) July 14, 2020
The economy is the pandemic. You beat the outbreak, and grow. Or you don't beat it, and contract.
Small biz revenue recovered in FL and AZ thru June—then fell.
Driving in LA County recovered thru June—then fell.
Time away from home in TX recovered thru June—then fell. pic.twitter.com/PX9DwbunMl
— Derek Thompson (@DKThomp) July 14, 2020
Great chart from Matt Rowe, CIO at Headwaters Volatility, interviewed at Bloomberg:
FANG Stocks got 50% above their 200d yesterday, breaking the Feb record.
This is extremely high. For comparison the Nasdaq only did this ONCE – in early 2000 (an observation, not a forecast). pic.twitter.com/0ykZoq87kp
— Macro Charts (@MacroCharts) July 14, 2020
Almost three-quarters of fund managers surveyed by Bank of America say long US tech stocks is the most crowded trade in markets – the biggest reading in the history of the BAML survey. pic.twitter.com/JlYU9lVNNv
— Robin Wigglesworth (@RobinWigg) July 14, 2020