Oof.
In the past 40 years, $XOM has never had a worse 30-day stretch. https://t.co/vZSKEevIB5 pic.twitter.com/DkePGuIBrP
— SentimenTrader (@sentimentrader) September 25, 2020
$SPX Daily Sentiment finally cracked below 50% but is still nowhere near capitulation.
This looks far from finished… particularly after the 3M average hit Top 2% most overbought in history (34 years) and just turned down.
Will revisit this in time – Stay nimble. HAGW! pic.twitter.com/h2lqm66rDt
— Macro Charts (@MacroCharts) September 25, 2020
'Issuers have taken in $91 billion in U.S.-listed IPOs in 2020, exceeding the $84 billion raised at this point in 2000, the previous record year, according to Dealogic. Roughly 44% of the volume, or $40 billion, has come from SPACs.' https://t.co/jF7JC8C2A5 pic.twitter.com/qQFfpRqMh2
— Jesse Felder (@jessefelder) September 24, 2020
Radical uncertainty won't disappear with the pandemic. Demographics and pensions promise even thornier problems. https://t.co/8uOZJ3QUAr via @bopinion pic.twitter.com/iqM7Dxagqe
— John Authers (@johnauthers) September 25, 2020
The divide between #retailsales and #confidence will likely "catch down" if another #CARES act is not passed soon. pic.twitter.com/QFgUdWPv8v
— Lance Roberts (@LanceRoberts) September 25, 2020