Top 5 Charts of the Day – September 7th 2020
This is how strong the #equity market recovery has been so far… Chart by Goldman Sachs. pic.twitter.com/DiPk9zOxR8
— jeroen blokland (@jsblokland) September 7, 2020
who owns the stock market pic.twitter.com/An8wX1yAcc
— Sam Ro (@SamRo) September 7, 2020
Big tick down in DM IT breadth. The % of stocks closing above the 50DMA fell to 47% on Friday, a 15% decline from the day earlier. This is the 1st sub 50% reading since Feb 24th. Something to monitor, as w/ the previous close <50%, DM IT was just 7% off the highs, same as today. pic.twitter.com/MxIF5IdWKW
— Julien Bittel, CFA (@BittelJulien) September 7, 2020
What worries me about this week's ECB
1. Markets see the ECB as divided
2. Those divisions keep ECB "behind-the-curve"
3. So there is little room for nuance on low inflation
4. Definitely don't "explain away" low Aug core inflation
5. Instead, call low inflation a "grave concern" pic.twitter.com/K2AJZn6qEE— Robin Brooks (@RobinBrooksIIF) September 7, 2020
If you thought the velocity of money in the US was low (1.10), check out Japan were the velocity of money has dropped to 0.4. Only part of the money created is flowing around. pic.twitter.com/ObA0p0UTBP
— jeroen blokland (@jsblokland) September 7, 2020