Global stocks lost $1.6tn mkt cap in tech rout this week against backdrop of surprisingly firm macro data. Sell-off was as much of rotation from leaders to laggards as it was broad Risk-Off event, complete w/shift out of Tech into more pro-cyclical vaccine beneficiaries, GS says. pic.twitter.com/VYZAJdfMsh
— Holger Zschaepitz (@Schuldensuehner) September 6, 2020
3. #Seasonality$SPX $SPY pic.twitter.com/V8HK0QukAR
— Callum Thomas (@Callum_Thomas) September 5, 2020
Short Interest pic.twitter.com/D3tIpts6I2
— zerohedge (@zerohedge) September 6, 2020
S&P expects the U.S. trailing-12-month speculative-grade corporate default rate to rise to 12.5% by June 2021 from 5.4% as of June 2020 pic.twitter.com/5F845LRwkx
— Daniel Lacalle (@dlacalle_IA) September 4, 2020
10. Record capital raised by SPACs goes to show the type of environment we're in: investors are deploying cash where they don't even know what the ultimate investment will even be.
h/t @fintechfrank pic.twitter.com/afprqIOzpT
— Callum Thomas (@Callum_Thomas) September 5, 2020