Top 5 Charts of the Day – October 7th 2020

A massive 40% of $SPX Stocks are still down >20% from their highs.

This gauge peaked in JUNE – it's not just a narrow market, it's one of the weakest in history.

Unless there's substantial improvement soon, ANY selling of the few remaining leaders could trigger a Major decline. pic.twitter.com/6WkbYl1wLD

— Macro Charts (@MacroCharts) October 7, 2020

$NDX – Election Year Seasonal Composite – Update.
Closely Tracking Seasonal Composite [Adjusted Scale.] pic.twitter.com/QY2nKDW5B0

— Nautilus Research (@NautilusCap) October 7, 2020

The relative performance of global material vs. global healthcare stocks peaked almost 4W ago after posting an impressive 20% rel. return over 6M. Looking ahead, especially if the dollar continues to rise, HC stocks could be positioned for a period of significant outperformance. pic.twitter.com/bq5ZLqL4UU

— Julien Bittel, CFA (@BittelJulien) October 7, 2020

Just to put things into perspective: #Spain's stocks are the worst performing in Europe this year. Spain is only expected to recoup lost output due to #Coronacrisis by 2024, the latest among the 10 largest economies in the euro area. https://t.co/TV0NQwQ0EV pic.twitter.com/HVkEG3eKN4

— Holger Zschaepitz (@Schuldensuehner) October 7, 2020

Climate change facts: Chinese CO2 emissions are more than double those of the US, and greater than US and EU combined. pic.twitter.com/ZpJCoPaUjB

— zerohedge (@zerohedge) October 6, 2020