U.S. Dollar optimism index's 100 day average is at its lowest level in more than 10 years.
There's a strong risk that the USD could rally from here.
Given the inverse correlation between the dollar & stocks, this is as a major risk for U.S. stocks pic.twitter.com/9FB6LWMwzb
— SentimenTrader (@sentimentrader) November 4, 2020
— jeroen blokland (@jsblokland) November 3, 2020
Eurozone GDP hit from new lockdowns according to Capital Economics
"GDP would contract by 3.0% in Q4 and be flat in Q1 2021. Full 2019 GDP recovery set back by nine months. Spain likely to underperform again" pic.twitter.com/GYvmG3z0mb
— Daniel Lacalle (@dlacalle_IA) November 3, 2020
France entered lockdown on Friday. Mobility decreased by 33% compared to pre-#COVID19. In March, the first Friday into lockdown saw a drop of 63%. The difference is particularly visible during rush hours: -21% (now) vs -64% (March) in mobility 7am-9am. Data by @orange pic.twitter.com/cm5aMd07lm
— Eugenio Valdano (@eugeValdano) November 3, 2020
$SPX Daily Sentiment still nowhere near capitulation.
This still looks unfinished and very different from 2016.
Some more Volatility would help finish the pattern – will revisit this soon, stay tuned. pic.twitter.com/yXtTYfspdp
— Macro Charts (@MacroCharts) November 4, 2020