Ladies and Gentleman, I present to you, the most overvalued market in history .
250 years
We all know what happens next . pic.twitter.com/BcI7Iq8sHZ
— The Great Martis (@great_martis) July 15, 2024
New tech, big investments, booming productivity…and bursting stock bubbles pic.twitter.com/ZMB9NsqlAp
— Mike Zaccardi, CFA, CMT 🍖 (@MikeZaccardi) July 16, 2024
GLOBAL CENTRAL BANKS' LIQUIDITY JUST DROPPED TO LOWEST SINCE 2022:
Liquidity is one of the main drivers of the bond and stock markets.
Since the October low, global reserves rose by $600 billion in just 6 months fueling an S&P 500 gain of ~30%.
Now liquidity has been drained. pic.twitter.com/yLDw5VWxZZ
— Global Markets Investor (@GlobalMktObserv) July 16, 2024
Recent layoff announcements:
– Salesforce cuts 300 roles (TODAY)
– SolarEdge cuts 8.5% of workforce (TODAY)
– Intuit cuts 10% of workforce (LAST WEEK)
– Dyson cuts 1,000 roles (LAST WEEK)
– UiPath cuts 10% of workforce (LAST WEEK)
– UKG cuts 14% of workforce (2 WEEKS AGO)
-…— Genevieve Roch-Decter, CFA (@GRDecter) July 15, 2024
VIX term structure still shows shit hits the fan in September. t.co/5Zm1rRH98V pic.twitter.com/OpiccPWiiv
— Financelot (@FinanceLancelot) July 15, 2024