It’s not just stocks that are signaling the #bearmarket/#recession…look at:#JunkBonds
Default risk#Credit spreads#Housing sales (especially coasts)
Record budget and trade deficits#InterestRates still negative pic.twitter.com/FZCTMCf3LO
— OW (@OccupyWisdom) November 2, 2018
Buyback announcements in:
Q1: $242b
Q2: $437b
Q3: $156b.. via @TrimTabsIR t.co/0sf7XqIeO8
— Carl Quintanilla (@carlquintanilla) November 2, 2018
3-month U.S. Libor rates have surged to a new post-crisis high, of 2.54%, more than double where it was last year. This is important because so much debt, including leveraged loans, are pegged to this rate. Companies will find themselves paying more interest on their debt… pic.twitter.com/7aLiii8HtI
— Lisa Abramowicz (@lisaabramowicz1) November 1, 2018
Service-Providing Less Goods-Producing (TTM) pic.twitter.com/HEt6MFrD2S
— J. Brett Freeze, CFA (@Techs_Global) November 2, 2018
Eurozone growth downturn and inflation upturn is no surprise. Read #ECRI here: t.co/N3lqnXSWJX pic.twitter.com/oQLv3yR7nA
— Lakshman Achuthan (@businesscycle) November 1, 2018
Reserves at the lowest since QT began, and November scheduled to be the largest drawdown to date
Nov-30 Fed balance sheet target / done so far
Total assets: -$369B / -$316B
Treasuries: -$229B / -$195B
MBS: -$140B / -$99B pic.twitter.com/2PhWMDBROr— outremer (@chiefcell) November 2, 2018
This is a good scenario of whats likely happening $spx
h/t @breakpointrades pic.twitter.com/QZR98ufUhI— mcm-ct.com (@mcm_ct) November 2, 2018