Top 5 Charts of the Day – September 22nd 2020
Probably nothing…..
US households are now worth over 6x today’s GDP. pic.twitter.com/dX9FtCd5Uu
— Otavio (Tavi) Costa (@TaviCosta) September 21, 2020
Things you don't often see: a vertical jump in US debt levels as measured by corporate liabilities as a percent of GDP.
You can quibble about the metric but 2020 wasn't going to be a good year for systemic debt by almost any measure –except, of course, interest rate expenses! pic.twitter.com/0iEYz2NUCS
— Tracy Alloway (@tracyalloway) September 22, 2020
The Dollar & Stocks have moved like a mirror image since March (updated from Aug 24).
As I said then: in a liquidity-driven market, the biggest risk could be any drop in liquidity triggering a USD rally.
Everything suggests the Dollar rally is just getting started. Stay nimble. pic.twitter.com/sadirp3Rop
— Macro Charts (@MacroCharts) September 22, 2020
QQQ fund flows:
according to Bloomberg, we just saw the biggest outflows since the *dot-com bust*
Similar days with large outflows almost always led to more losses for the NASDAQ over the next few weeks pic.twitter.com/aurlhPqtdK
— SentimenTrader (@sentimentrader) September 22, 2020
44% increase in sales of $1MM+ homes pic.twitter.com/vj67zzcmFG
— zerohedge (@zerohedge) September 22, 2020