Top 5 Charts of the Day – September 23rd 2020

Market Valuations: Do they Still Matter? By NAVA Capital (@NAVACapital)https://t.co/2zozKNKnDr

— Christophe Barraud (@C_Barraud) September 23, 2020

$SPX corrected 10% from its high without ANY real Put/Call spike.

Extremely rare historically:

Bullish mid-90s, 2013
Bearish 1999-2000, 2007

Very odd that fear remains so low – particularly considering the massive Call buying into the SEP peak. Still a very complacent market. pic.twitter.com/ooJyGcjjrj

— Macro Charts (@MacroCharts) September 23, 2020

Weak performance for Financials & Energy over past decade has caused weights in S&P 500 to tank—especially when comparing to Tech … 2 groups combined have trailed Tech by ~17%, just a point away from low in March 2000 @Bloomberg
[Past performance no guarantee of future results] pic.twitter.com/HCugVVDIFs

— Liz Ann Sonders (@LizAnnSonders) September 23, 2020

Very few people think this is possible but it looks like it’s happening. #USD pic.twitter.com/MvM5i0MFKi

— Julien Bittel, CFA (@BittelJulien) September 23, 2020

'Chinese equity valuations are attractive relative to the rest of the world.' https://t.co/jnVlOCBL3y via @SoberLook pic.twitter.com/KYd0TwJtjs

— Jesse Felder (@jessefelder) September 23, 2020