Top 5 Charts of the Day – February 20th 2021

20 February, 2021

Investment grade bonds no longer offer a positive #yield! pic.twitter.com/QTrglmuB5O
— jeroen blokland (@jsblokland) February 20, 2021

Everyone is NOT long Equities (cont.):
Futures traders have cut exposure aggressively – even as $SPX holds near the highs.
The 2-week positioning change is the most negative in history – previously only seen at bottoms.
Futures traders now hold a total of ZERO Stock exposure. pic.twitter.com/nYbweLCtyO
— Macro Charts (@MacroCharts) February 20, 2021

Goldman breadth index: 100 pic.twitter.com/xN4iCABPgJ
— zerohedge (@zerohedge) February 20, 2021

JPM: "market liquidity is currently much lower for bitcoin than in gold or the S&P500, which implies that even small flows can have a large price impact." pic.twitter.com/N39XNhBSjE
— zerohedge (@zerohedge) February 20, 2021

#Risk appetite is at extremes.https://t.co/mu2zUyd2Sf pic.twitter.com/9jng5Ey28b
— Lance Roberts (@LanceRoberts) February 20, 2021