Top 5 Charts of the Day – November 5th 2020

#BOC #BOE #BOJ #ECB #FED | Latest data confirmed #G7 CBs combined balance sheet (BS) kept climbing in October.
*#G7 CBs combined BS has grown by more than $7.5T since February. pic.twitter.com/rY1qi1zYx6

— Christophe Barraud (@C_Barraud) November 5, 2020

Bloomberg proxy of Global Money Supply also skyrocketed from March and kept rising in October pic.twitter.com/REzvE4FRyd

— Christophe Barraud (@C_Barraud) November 5, 2020

Futures indicated at 169% market cap to GDP. This accounts for the Q3 GDP bounce. Yesterday's close shows again a record disconnect between asset prices vis a vis the economy. pic.twitter.com/3aw0vl4nJC

— Sven Henrich (@NorthmanTrader) November 5, 2020

Breadth almost made history yesterday:$SPX gained over +2% while <50% of Stocks advanced.

That's a lot of weakness but not necessarily Bearish – *unless* it persists (see '99-00, '07-08).

Will be critical to watch if Breadth expands or narrows from here.

h/t @bespokeinvest pic.twitter.com/HCNAkJ2DLG

— Macro Charts (@MacroCharts) November 5, 2020

When Nasdaq surges but the S&P 500 equal weighted index barely budges?

Only happened two other times in history.

Both in April 2000.
Right at the peak of the tech bubble.

Sound familiar? pic.twitter.com/pUOV6irMVz

— Otavio (Tavi) Costa (@TaviCosta) November 5, 2020