Recent stock market surge deviates from reality, with fund managers buying overvalued stocks to catch up, pushing the market higher.
The recent surge in the stock market is de-attached from reality. Fund managers, feeling the pressure of missing out on gains, are now jumping into the market to catch up. They're buying stocks regardless of how overvalued stocks are, which is pushing the market up even more.
— HOZ (@MFHoz) June 30, 2023
Look at NAIIM, they are fully invested now.
— HOZ (@MFHoz) June 30, 2023
Nine months down, and nine months up.
And what a load of bull shit we've had to suffer in the meantime.
I suggest bulls are about to get what's over due. pic.twitter.com/i23y1ghM1q
— Mac10 (@SuburbanDrone) June 30, 2023
The Nasdaq is on track for its best first-half of the year since it was created in 1972
Almost all of the gains in tech stocks this year are thanks to AI pic.twitter.com/MwXfkiN84i
— Genevieve Roch-Decter, CFA (@GRDecter) June 30, 2023
Bulls, you would fail 3rd grade pattern recognition.
And logic. pic.twitter.com/GwQCUOPiya
— Mac10 (@SuburbanDrone) June 30, 2023
This is the chart of the week, the month, and the first half:
Bulls, just remember the key feature of a one-sided market – getting in is easy. pic.twitter.com/0RCti7Rkj9
— Mac10 (@SuburbanDrone) June 30, 2023
You won't believe the greed when they cut rates. pic.twitter.com/CubAXHrBkI
— Sven Henrich (@NorthmanTrader) June 30, 2023
A massive debt wall is about to hit Corporate America, and equity values will be 'incinerated,' Chamath Palihapitiya has said.
— unusual_whales (@unusual_whales) June 30, 2023
“Banks represent 54% of the overall $5.7 trillion commercial real estate market, with small lenders holding 70% of the loans in that market…”
Source: t.co/VLToXTCjYi
— Gold Telegraph ⚡ (@GoldTelegraph_) June 30, 2023
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