Remember how I warned you all that after the election, we'd suddenly start getting "surprise" and "unexpected" downward revisions on all of the allegedly glowing economic numbers?
😎
Now watch corporate earnings and forward estimates revise down.
— Uncle Milty’s Ghost (@his_eminence_j) December 30, 2024
PAY ATTENTION. Warning signs are EVERYWHERE. https://t.co/BiwXM5MWdj
— Uncle Milty’s Ghost (@his_eminence_j) December 30, 2024
The Federal Reserve is pumping $500 billion of REPO liquidity into the banking system over the next 4 days, then pulling it away.
I wonder what they're worried about… https://t.co/2RhyVZhH5c pic.twitter.com/REfCuB3F7f
— Financelot (@FinanceLancelot) December 30, 2024
US10yr yield.
A possible backtest of breakout before resumption.
It's a process, let it process. pic.twitter.com/govCueMbUt
— The Great Martis (@great_martis) December 30, 2024
S&P breadth is now at the worst level since the rally began over a year ago. And yet the S&P 500 is still at the 50 day moving average.
Compare this top to the one in 2022, it took five months of bear market for breadth to get this bad. pic.twitter.com/yLxkNC9dMv
— Mac10 (@SuburbanDrone) December 31, 2024
No sign of panic as two back to back overnight gaps got bought in the U.S. pic.twitter.com/g46lDXMUHH
— Mac10 (@SuburbanDrone) December 30, 2024
Expecting POOR returns ahead for equities.
The last instances when the NYSE Available Cash % of Market Cap reached current levels, the 1-year forward return wasn't good.
Net available cash = margin debt – free credits; Termed as net worth, among investors, as a percentage of… pic.twitter.com/3WOEaR1d7u
— Guilherme Tavares (@i3_invest) December 30, 2024
Dow jones
Update
2 Probable paths depicted below.
The longer it remains under the undercarriage heightens the probability of a major sell off. pic.twitter.com/On3byEA5EN
— The Great Martis (@great_martis) December 30, 2024
In 2025, one thing is certain:
Credit spreads will spike.
Take note. pic.twitter.com/jcmVuMf7nS
— Guilherme Tavares (@i3_invest) December 30, 2024