Nomura hasn't seen a one-day drop this large in at least 40 years. https://t.co/jHEszXkw33 pic.twitter.com/bVwqRD0fiN
— Bespoke (@bespokeinvest) March 29, 2021
US equities are trading on a 1.9X market cap/GDP ratio, easily the most expensive levels on record.
More importantly, only 3 times in the last 70 years have valuations been ≥0.2X above trend.
-January 2000
-June 2007
-January 2021Today’s 0.29X ties 2000 extremes. pic.twitter.com/ssPsu6qSAU
— Julien Bittel, CFA (@BittelJulien) March 29, 2021
"There are more ESG mandated assets than there are ESG securities." https://t.co/zvSIiDx97A pic.twitter.com/xu7epJqCnm
— Jesse Felder (@jessefelder) March 29, 2021
'Call option volume is moderating as mobility improves.' https://t.co/QsGWHfUcl5 via @SoberLook pic.twitter.com/KdvXPpQzlv
— Jesse Felder (@jessefelder) March 29, 2021
Quite a beat for March @DallasFed Manufacturing, up to 28.9 vs. 14.5 est. & 17.2 in prior month; production, new orders, shipments & capex all much stronger; delivery times incredibly stretched along with prices paid; employment remains strong pic.twitter.com/28ClRbgO8b
— Liz Ann Sonders (@LizAnnSonders) March 29, 2021