Top 5 Charts of the Day – October 8th 2020

An Avalanche Of Bankruptcies Is Coming In The U.S.https://t.co/xmq1Io3gy6

— Christophe Barraud (@C_Barraud) October 8, 2020

This chart neatly shows that US household savings got a massive boost in April because of government transfer payments, but also that they have been coming down since. With new #stimulus postponed consumer spending will likely slow if not turn negative. pic.twitter.com/YqmDW3lio6

— jeroen blokland (@jsblokland) October 8, 2020

Excluding the big tech stocks, the S&P is basically flat this year.

Chart via Goldman: pic.twitter.com/RH5GGInaHa

— Tracy Alloway (@tracyalloway) October 8, 2020

Almost every economic indicator has somewhat bounced since the pandemic lows.

Fiscal deficit?

Still with the pedal to the floor.

Debt imbalances are piling up at an absurd pace. pic.twitter.com/PfpHWq2Vab

— Otavio (Tavi) Costa (@TaviCosta) October 8, 2020

US equity shorts at all time lows pic.twitter.com/gRULEaYfDP

— zerohedge (@zerohedge) October 7, 2020