Top 5 Charts of the Day – December 11th 2020

According to my calculation, #G7 central banks’ combined balance sheet has increased by more than $8.0 trillion since Feb. 2020. pic.twitter.com/LaFAgqGYHy

— Christophe Barraud (@C_Barraud) December 11, 2020

Could this be the 2021 playbook:

A double-dip US recession?

The S&P 500 has been tracking this period closely.

Back then, a strong rally took place off the March ‘80 lows before peaking 8M later in Nov.

At today’s record valuations & very bullish sentiment, food for thought. pic.twitter.com/lPDl6jJ8OM

— Julien Bittel, CFA (@BittelJulien) December 11, 2020

why stock prices could go higher pic.twitter.com/SEE1YHTW0I

— Sam Ro (@SamRo) December 11, 2020

Wow, $ARKK volume likely to hit $1b today, that's top 1% among ETFs, an insane number for a stock picking active strategy ETF. For context, that's more volume than Johnson & Johnson, Home Depot etc. This ETF (now $15b in aum up from <$2b on Jan 1) never ceases to amaze.. pic.twitter.com/kTuMY7Dxu3

— Eric Balchunas (@EricBalchunas) December 9, 2020

Closing the week with a special update on Gold:

Daily Sentiment still near capitulation – now the 50dma has turned up, while price tightens at 2011 highs.

Every year since 2013, Gold started a huge rally from similar conditions – could be ready to go… watching closely.

HAGW! pic.twitter.com/1Wg4l1bUzO

— Macro Charts (@MacroCharts) December 11, 2020