Top 5 Charts of the Day – June 26th, 2020
Nike Declines After Pandemic Hits Sales Harder Than Expected – Bloomberg
*4Q Revenue $6.31 Bln, -38% Y/Y, Est. $7.38 Bln
*Its loss amounted to 51 cents a share, compared with a projection for earnings of 10 cents❗
*Link: https://t.co/U1mg7fXWJW pic.twitter.com/16VBSCjuxN— Christophe Barraud (@C_Barraud) June 26, 2020
#Nasdaq’s largest companies are on the verge of completing a comeback that has taken more than 17 years to unfold – Bloomberg
*The turnaround is based on the ratio between the Nasdaq-100 and S&P 500 indexes, which ⬇ as much as 69% from a Mar 2000 record through Sep. 2002 pic.twitter.com/1veT4B61A5— Christophe Barraud (@C_Barraud) June 26, 2020
Traders are throwing caution to the wind amidst the mad scramble for everything GROWTH:
The MSCI World Growth/Value ratio's 14 month RSI is at its *highest level* ever! (higher than in 2000 and 2007)
Growth & tech seems at risk of a big shakeout here – remain on high alert. pic.twitter.com/r9xrf5lKab
— SentimenTrader (@sentimentrader) June 26, 2020
Euro-zone M3 growth rose to 8.9% in May, which means broad money growth there lagged far behind the 23% y/y surge in the US pic.twitter.com/fFKD9lhtli
— MacroMarketsDaily (@macro_daily) June 26, 2020
This is gonna hurt. pic.twitter.com/RwIbelInpv
— Lance Roberts (@LanceRoberts) June 26, 2020