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The Ratio of Technology stocks to the S&P 500 has never been higher...
Source: Charlie Bilello
The market is facing on competing narratives of strong growth and earnings versus tightening financial conditions
The market is facing on competing narratives of strong growth and earnings versus tightening financial conditions, leaving traders concentrating risk in ever-narrower pockets as equity breadth worsens. Yesterday was the 15th straight day of more new lows than new highs for the sp500 index... Source: Bloomberg, zerohedge
The Q3 earnings season is expected to be a pretty good one for the sp500
Source: GS
The S&P 500 (in orange) doesn't seem to worry about the spike of bond volatility - MOVE index (in blue - inverted)
Source: zerohedge
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