Top 5 Charts of the Day – March 19th 2021

Whoosh: $271BN drop in Treasury cash balance. Biggest one day drop on record pic.twitter.com/oiJvq42IFl

— zerohedge (@zerohedge) March 18, 2021

This is now in play pic.twitter.com/PBiUFvcCCz

— zerohedge (@zerohedge) March 19, 2021

Elevator up, elevator down?

CEO Business Confidence in the US just rose to a 17-year high.

Only 4% of the time since 1976 have CEOs been so optimistic.

Meanwhile, lead indicators have moved sharply lower.

Suggests a very different look to H2.

Let’s see. Will revisit soon. pic.twitter.com/oVjZApdDIT

— Julien Bittel, CFA (@BittelJulien) March 19, 2021

Bond Sentiment is extremely oversold – where Major bottoms formed.

The 21dma is at bottom 1.7% in history – watch for a turn UP at any moment.

A turn in Bonds would be very Bullish for Growth Stocks and Precious Metals/Miners – which have been quietly *basing* for weeks. pic.twitter.com/k60UlH6LEi

— Macro Charts (@MacroCharts) March 19, 2021

Oh, so you like stocks NOW pic.twitter.com/DjlXF2MX3S

— The Long View (@HayekAndKeynes) March 19, 2021