Top 5 Charts of the Day – September 3rd 2020

Magical Nonstop Rally Evokes Peak of Dotcom #Bubble – Bloomberg
*Another great piece from @johnauthers
*Nice quote from @ForexLive
*Link: https://t.co/EYqXlUP7BW pic.twitter.com/fyOiivuJ8a

— Christophe Barraud (@C_Barraud) September 3, 2020

Corporate #zombies: Anatomy and life cycle – BIS
*HT @tracyalloway
*Link: https://t.co/YqzrDMGVpk pic.twitter.com/dBHCAREDvf

— Christophe Barraud (@C_Barraud) September 3, 2020

As toppy as it gets.

Financial conditions are flashing warning signal for stocks.

Lowest level since the peak of the tech bubble.

Prior lows also preceded or coincided with key market tops.

Tech bust, GFC, EM crash and Volmageddon. pic.twitter.com/JHuY8Sb5Cd

— Otavio (Tavi) Costa (@TaviCosta) September 3, 2020

This is the highest VIX ever at an all time high in the S&P pic.twitter.com/IIzTgtN1YB

— zerohedge (@zerohedge) September 2, 2020

A near-record % of NASDAQ 100 stocks are overbought (RSI > 70).

In the past, this ALWAYS led to a stock market pullback over the next 2 weeks.

Looking at the past few years more closely, this occurred near the market's top in January 2018 & January 2020 pic.twitter.com/tPgSsfDsJh

— SentimenTrader (@sentimentrader) September 3, 2020