Top 5 Charts of the Day – November 11th 2020

85% of stocks > 200-day moving averages, most since Aug 2013.
One consequence of rotation to Value & small-caps is improvement in broad breadth gauges. Watching Growth & large-caps. If they break down (absolute, not relative), then so does the bullish breadth case. @NDR_Research pic.twitter.com/4MFGVad5dP

— Ed Clissold (@edclissold) November 11, 2020

Goldman's 4,600 SPX price target for 2022 is based on a 22.1x PE fwd multiple pic.twitter.com/dqMZRNQ7Om

— zerohedge (@zerohedge) November 11, 2020

Peak Market Gamma Rises To 3,600 https://t.co/oWiY41Glqz

— zerohedge (@zerohedge) November 11, 2020

The case for a true rotation needs further evidence after the upheaval of Vaccine Monday, @johnauthers writes https://t.co/Y1Fd5FcOhp via @bopinion pic.twitter.com/JRw4L8Rraw

— John Authers (@johnauthers) November 11, 2020

The rotation to #value caused a massive dispersion in stocks.
However, in a sub-2% growth #economy going forward (trend) these companies will be the most hard-pressed to generate #revenue growth. Do be surprised if the rotation is short-lived. pic.twitter.com/IFWOaplcOb

— Lance Roberts (@LanceRoberts) November 11, 2020