Headed for total disaster.
A clear trend of worsening fiscal disorder since the break of the gold standard in 1971.
How does it all end?
Colossal monetary dilution.
None of us own enough gold. pic.twitter.com/CzqnUDhGVc
— Otavio (Tavi) Costa (@TaviCosta) August 23, 2020
The Failed Promises of the 2017 Tax Cuts and Jobs Act (TCJA) https://t.co/diVcMhBsi4 Gross private domestic investment had turned negative prior to the impact of the pandemic! pic.twitter.com/Ky8QOk9rzj
— Bill McBride (@calculatedrisk) August 23, 2020
USD positioning: everyone is still bearish pic.twitter.com/TUo7fOttv3
— zerohedge (@zerohedge) August 22, 2020
Tech is eating the world: The 5 largest stocks – FB, AMZN, AAPL, MSFT, GOOGL – now account for 23% of S&P500, well above the high of 18% in 2000’s, Goldman says. Concentration appears even more extreme within Russell1000 Growth Index. Those same 5 stocks represent 37% of mkt cap. pic.twitter.com/AqJ7oGsQTh
— Holger Zschaepitz (@Schuldensuehner) August 23, 2020
7. Valuations aren't quite at a new ATH, but are definitely on the high side.
— Callum Thomas (@Callum_Thomas) August 22, 2020