Just to put things into perspective: Latest unemployment rates in Greece, Spain, Portugal, Ireland and Italy still way below 10y avg while Germany’s, Turkey’s, UK’s, India’s and US’s way above. (Chart via DB) pic.twitter.com/pWJqz6SzMS
— Holger Zschaepitz (@Schuldensuehner) June 6, 2020
Yesterday markets closed at a valuation of 151% market cap to GDP.
Chart below from June 1. pic.twitter.com/wcoqVNfSss
— Sven Henrich (@NorthmanTrader) June 6, 2020
This is stunning.
At the peak of speculative fervor in February, small traders bought to open 7.5 million call contracts.
This week, they bought 12.1 million.
Watch what people do, not what they say. They're full-bore bullish, on steroids. pic.twitter.com/T1v74xq1Of
— SentimenTrader (@sentimentrader) June 6, 2020
JPMORGAN: “.. the sharp contrast in efforts to reduce the outbreak between the Euro area and the US is striking, and supports our forecast for a relatively strong 2H20 rebound in Euro area growth ..” pic.twitter.com/ew01NXPPi8
— Carl Quintanilla (@carlquintanilla) June 6, 2020
???????? U.S. #utilities missed sales estimates more than any other sector in the first quarter as stay-at-home orders crippled power demand from businesses and manufacturers – Bloomberg pic.twitter.com/rjUdSXzAyd
— Christophe Barraud???? (@C_Barraud) June 6, 2020