Everyone should enjoy the relatively quiet 🤫 🗓️ period as the @federalreserve lag #interesteate hike effects take hold — while at the same time also respecting the fact that there is a lag, as we’ve likely (yet) to see the full effects of monetary tightening rise to the… https://t.co/gxyTYcu4bq
— Macro Daily Co. (@macrodailyco) July 11, 2023
The $ndx current earnings yield and the 2-yr real yield are now both 3%. @DougKass pic.twitter.com/AIuLcnPvjM
— Michael J. Kramer (@MichaelMOTTCM) July 11, 2023
Meme stocks are “now up 10% over the last three days. Meanwhile, consumer staples are down ~1.6% over the last three days as investors shun the safe havens:” BTIG’s Krinsky. His research shows that this sort of divergence has tended to lead to selloff a in the following few weeks
— Lisa Abramowicz (@lisaabramowicz1) July 11, 2023
Homebuilders keep outperforming the market
“Vertical bear market rally” pic.twitter.com/yWMmERZdhX
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 11, 2023
Paper recession in one chart pic.twitter.com/mi1sRGSHQ6
— 🅰🅻🅴🆂🆂🅸🅾 (@AlessioUrban) July 11, 2023
The Euro manufacturing PMI and European equities ($EZU) have held a close positive correlation since 2008
But in 2023, European equities have diverged significantly from the weak manufacturing sector
Indicating signs of investor irrationality pic.twitter.com/uwP9N62CiH
— Game of Trades (@GameofTrades_) July 11, 2023
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