#BOC #BOE #BOJ #ECB #FED | Latest data confirmed #G7 CBs combined balance sheet (BS) kept climbing in December.
*#G7 CBs combined BS has grown by almost $9T since February. pic.twitter.com/hwFs0ow4Au— Christophe Barraud (@C_Barraud) January 8, 2021
U.S. Jobs Fell in December as Virus Surge Hindered Activity – Bloomberg
*Link: https://t.co/qbY2vm8cqp pic.twitter.com/OdfPFzhxON— Christophe Barraud (@C_Barraud) January 8, 2021
#DailyDataPoint: Global economic activity lags despite post-holiday bounce (via @RoyeBjorn & @TomOrlik) https://t.co/lXRevWxJLp pic.twitter.com/ypafF2wfRq
— Bloomberg Economics (@economics) January 8, 2021
Mind the gap between Wall St and Main St. W/a blue sweep, the gap could be closed as the avg US worker must now work >141 hours to buy 1 share of S&P 500. pic.twitter.com/7AuN4HmKL7
— Holger Zschaepitz (@Schuldensuehner) January 7, 2021
Melt-up before meltdown?
Over the last 40 years, the only other month my composite US equity valuation score was in the 98th %ile w/ an ISM >60 = Oct ‘87.
Coincidentally, Oct ‘87 ISM was 60.7.
Speculative extremes resemble this period closely.
March could be the mth to watch. pic.twitter.com/IzX0ltjbrH
— Julien Bittel, CFA (@BittelJulien) January 8, 2021