WE aRE aLL JaPAN nOW. pic.twitter.com/z7WlX5CydF
— Tracy Alloway (@tracyalloway) December 20, 2020
— Bill McBride (@calculatedrisk) December 21, 2020
$SPX Daily Sentiment still trending up (updated from Nov 24).
This could drive the advance further – in 33 years of data history, 31 years had a similar year-end rally.
This still looks almost identical to 2019 – and critically, there's room to get even more overbought. pic.twitter.com/Qx6GZaeBo4
— Macro Charts (@MacroCharts) December 21, 2020
Great contrarian trades can be huge winners. But contrarianism for the sake of it is a recipe to lose money – as it certainly was in 2020. h/t Rob Buckland. https://t.co/8VFjvI9jyZ via @bopinion pic.twitter.com/DjnDQX0Y28
— John Authers (@johnauthers) December 21, 2020
On Friday investors kept chasing stocks into 185% market cap vs GDP in the firm belief that valuations no longer matter as the Chair of the Federal Reserve during the same week declared P/Es to longer be relevant as the risk free rate is low. pic.twitter.com/nMZBdWHNII
— Sven Henrich (@NorthmanTrader) December 21, 2020