Major sigh of relief this morning, for no apparent reason.
Breadth is the most overbought since July.
This Dow fractal is deja vu of 1987. pic.twitter.com/GHLuNJW1p9
— Mac10 (@SuburbanDrone) January 21, 2025
The S&P is two years overbought on the breadth oscillator.
At the all time high. pic.twitter.com/NTaSKPwH2n
— Mac10 (@SuburbanDrone) January 21, 2025
Been there, done that. pic.twitter.com/p5pT8RbrMQ
— Mac10 (@SuburbanDrone) January 21, 2025
Most expensive and indebted market in history.
Prepare for armegeddon. https://t.co/vmnGUZKQ08
— The Great Martis (@great_martis) January 21, 2025
This chart doesn't give us accurate timing but it tells us what's about to happen.
Revolving credit is basically the oil that juices the economy. Think credit cards, overdraft, etc.
When this drops the drain plug has been pulled. https://t.co/loBTMTxtqp
— Financelot (@FinanceLancelot) January 21, 2025
December of 2024 saw Loans and Leases in Bank Credit decline by over $20 Billion. This put a dagger into the 3rd worst year of Credit creation in the last decade – with 2023 and the aftermath of SVB notching the lowest
Banks only increased their Books with $275B of new Loans -… pic.twitter.com/TSMWgDWOsG
— Monetary McFly 🪰 (@Monetaryguy589) January 17, 2025
Cause meet effect https://t.co/aHF4euDUac pic.twitter.com/8WeLoPmUxr
— Darth Powell (@VladTheInflator) January 22, 2025
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