Top 5 Charts of the Day – June 19th, 2020

Put/Call ratio is at the 19th most overbought day in 20 years.

Few days ever reached such an extreme level. This is even more extreme than at the stock market's top in *February 2020*

This is an important risk for equities – monitor carefully. pic.twitter.com/uV719FM0yx

— SentimenTrader (@sentimentrader) June 19, 2020

#SPX | Analysts lowered projections for the index’s profit margin, or net income relative to sales, by 2.2 percentage points this year to 9.5% as of Thursday – Bloomberg
*The margin peaked in January 2019 at 12.3%, the highest level since the data were first calculated in 2000 pic.twitter.com/o632u0e3Qy

— Christophe Barraud (@C_Barraud) June 19, 2020

“The stock mkt is not the economy.” Hear it all the time; don’t hold your breath. US lead indicators have explained 97% of the variability in equities over this entire business cycle, & currently they’re diverging by a record amount. In the end, macro fundamentals always matter. pic.twitter.com/Gc76TCW8MJ

— Julien Bittel, CFA (@BittelJulien) June 18, 2020

This Cheap #Hedge Could Save Investors Some Grief – Bloomberghttps://t.co/DX8fgZTWi9 pic.twitter.com/gqtrB2M2BY

— top-fineco-charts (@FinecoTop) June 19, 2020

81 Central Banks have cut rates in 2020… pic.twitter.com/vEV1oFIXEd

— Charlie Bilello (@charliebilello) June 19, 2020