While its 3-month rolling % change hasn't been this high since January 2000, the 6-month change of +17% for the Nasdaq 100 doesn't stand out very much. Almost hit 100% back in 1999. https://t.co/s4VBeLW0zS $QQQ $$ pic.twitter.com/2lf78VPPPy
— Bespoke (@bespokeinvest) June 24, 2020
Put/Call Ratio 21d hit the second most overbought in 20 years, exceeded the January peak, and *turned down*.
If history is a guide, this could add significant risk for an important top in Equities.
Odds are growing for a sharp correction into Q3 – magnitude to be determined. pic.twitter.com/9aNu3EzRxd
— Macro Charts (@MacroCharts) June 24, 2020
#Technology stocks once again powered U.S. markets on Tuesday, with #Apple Inc. climbing to a record and adding the most to gains in both the S&P 500 Information Technology Index – Bloomberg
*Strength versus broader U.S. market hit its highest level since July 2000. pic.twitter.com/s8kKFUwPos— Christophe Barraud (@C_Barraud) June 24, 2020
#IMF Forecasts Deeper Global Recession From Growing Virus Threat – Bloomberg
*Link: https://t.co/v6TJalgfLF pic.twitter.com/IMbHm9Uo9O— Christophe Barraud (@C_Barraud) June 24, 2020
US reopening at a glance pic.twitter.com/oO34mA6PMN
— zerohedge (@zerohedge) June 24, 2020