Top 5 Charts of the Day – July 13th 2020

#Nasdaq #SPX #MSCIWorld | #Stock markets are becoming more tightly correlated – Bloomberg pic.twitter.com/rp1qhKJAQn

— Christophe Barraud (@C_Barraud) July 13, 2020

Stocks are historically expensive on 7 valuations metrics.

Just to clarify:

That’s using Q1 numbers at today’s prices.

Wait until Q2 comes out……

Aside from CAPE, 100th percentile across the board. pic.twitter.com/D0GlsqpdvT

— Otavio (Tavi) Costa (@TaviCosta) July 12, 2020

A quick look at everything growth:

MSCI World Growth Index's Fear/Greed indicator is at the highest level EVER, higher than in 2000.

The world is all greed, no fear! pic.twitter.com/kVgphJG4Kg

— SentimenTrader (@sentimentrader) July 13, 2020

It's not often the Nasdaq and its volatility index show a positive 10-day correlation: pic.twitter.com/wSquBBGBlG

— Jesse Felder (@jessefelder) July 13, 2020

$SPX Gamma Exposure hit the 3rd highest level of all time last week.

The highest were mid-JAN 2020.

Note the moving average approaching levels that led to two major peaks. Watching closely how this develops.

I'll revisit this important chart in the coming weeks – stay tuned. pic.twitter.com/BP8XBsRUOt

— Macro Charts (@MacroCharts) July 13, 2020