Top 5 Charts of the Day – October 28th 2020

Frothy. pic.twitter.com/uYpKPXIXbZ

— Otavio (Tavi) Costa (@TaviCosta) October 28, 2020

In 1972, investors were crowded into the high P/E Nifty 50. Today, cabals of whales can't get enough FAANGs and SaaS. In just 2 years, Xerox down 71%, Avon 86%, & Polaroid 91%. Meanwhile, the Barron’s Gold Mining Index went up 5-fold! History doesn't lie: https://t.co/78Uscso1jE pic.twitter.com/hYytq9DL0P

— Kevin C. Smith, CFA (@crescatkevin) October 27, 2020

Proof that buying gold miners and shorting overvalued stocks at large can work insanely well on both sides of the hedge even in a deflationary environment. The macro set-up is a speculative debt bubble with record over-valued stocks. pic.twitter.com/f0Bmo0DZuN

— Kevin C. Smith, CFA (@crescatkevin) October 27, 2020

Who loves stocks? Foreigners, that's who.

Nearly $200 billion into U.S. equities in the past 12 months.https://t.co/DcWjOD9xK3

— SentimenTrader (@sentimentrader) October 27, 2020

A Biden win and a Republican Senate is considered the least "stimulus friendly" election outcome, and the Senate leg of that scenario has been gaining momentum. https://t.co/WhpzP8Copa pic.twitter.com/Wclubr73N6

— Bespoke (@bespokeinvest) October 28, 2020