A tale of 2 markets: The sp500 closed at an all-time high. But the Russell 2000 is still in a bear market, down more than 20% from its high
That's never happened before. Source: Bloomberg, Jason Goepfert
This is true today more than ever.
Never forget: 🚨🚨🚨 Source: Wall Street Silver
CBOE Volatility Index $VIX jumps to highest level in more than 2 months
Source: Barchart
🟥 The delinquency rate for credit card loans in 2023 has risen sharply
Which, based on historical patterns, suggests that the economy might be heading towards a recession.
You've probably heard Chinese stocks are cheap. This chart takes that to a whole new level.
The Hang Seng Index's P/E is now below the Nasdaq's P/B. Those two valuation ratios should not even be anywhere close one another. Source: David Ingles, Bloomberg
UST IN: 🇺🇸 Top 3 spot Bitcoin ETF asset flows:
1. Fidelity: $524m 2. BlackRock: $497m 3. BitWise: $305m Source: Bitcoin Archive
Given apple $APPL woes, nvidia $NVDA is in charge of doing all the heavy lifting of the Nasdaq 100 $QQQ
Source: Trend Spider
Another day, another loss for chinese stocks.
According to Guotai Junan Futures, there are about 30 billion yuan ($4.2 billion) of snowball derivatives products tied to the CSI 1000 Index are near levels that trigger losses at maturity, according to Guotai Junan Futures Co, as the stock rout in China's stock market pushes the derivatives to near knock-in levels. Another 60 billion yuan of the derivatives are 5%-10% away from their knock-in thresholds! Source: www.zerohedge.com
