Bloomberg: 5 things to start your day
Good morning. Biden’s spending plans got a step closer, a vaccine maker is set to boost German growth, Bitcoin rebounds and the Pret Index gives a cautious si
Source: mrtopstep.com
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I struggle to describe how large of a bubble US stocks are… – Investment Watch
While in the USA bond defaults touch a record low … t.co/VJYxX6zhO0 $SPX continues to use these 2% pullbacks to trap a small amount of shorts and then push to a new all time high. It’s a cycle which has resulted in the steady grind higher. Eventually, it’ll collapse like a landslide.$ES_F$SPY "What we are seeing right now is bifurcation in the labor market…in small businesses. 44% of small businesses and 57% of small leisure and hospitality small businesses are closed. It is a reflection of wage inflation…"t.co/kBiR2HdHqi
Source: investmentwatchblog.com
Suddenly The Market No Longer Sees Jackson Hole As Taper D-Day
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
Source: zerohedge.com
26May2021 Market Close: Small Caps Surge Amid Massive Short-Squeeze, Dollar Dead-Cat-Bounces, US Dollar 90.05, WTI Up Fractionally 66.13, DOW Closes Up 11 Points, Nasdaq Up 0.6%, Bitcoin 38600
Written by GaryBitcoin edges back from $40,000 as volatility lingers (SPY +0.2%). CVS, Walgreens shares fall on report that Amazon may open brick-and-mortar pharmacies.
Source: econintersect.com
The biggest crashes take place when the average stock is already on the ropes and the market is held up by a few mega caps. Keep dancing while the music plays? – Investment Watch
More Japan rotations out of foreign stocks and into bonds last week, synonymous with pension activity. Japan funds bought 906.5b yen (~$8.4b) in overseas bonds vs selling 1.1t yen (~$10.5b) in stocks, the most since November. t.co/WVvG5gEp60 Credit Suisse is raising about $2 billion to shore up capital after warning of another financial hit from the Archegos collapse. @Flacqua spoke to CEO Thomas Gottstein this morning t.co/PFudNB0a3cpic.twitter.com/csU5wapLn4 Hedge fund leverage to the moon. Who is the next one to be bailed out?
Source: investmentwatchblog.com