This is becoming an absolute joke. The markets are so stretched that even Goldman Sachs and JP Morgan are talking about it being unsustainable! This is insane.

The stock market dropped and traders were confused “hey wait a minute, stocks can drop?!” But slowly throughout the day they began to climb. Although they remained in the negative, thankfully complacency is definitely back on so we can keep the party going. Nothing worse than facts to spoil a good party, that’s for sure. Keep the music blasting to drown out all that information stuff and fill your head with three letters: B.U.Y.

Markets: Indexes, Bonds, Forex, Key Commodities, ETFs

www.cnbc.com/markets/

Assets: Total Assets: Total Assets (Less Eliminations From Consolidation): Wednesday Level (WALCL) | FRED | St. Louis Fed

fred.stlouisfed.org/series/WALCL

Fed staff float plan to end term-repo after April, minutes show – Reuters

www.reuters.com/article/us-usa-fed-minutes-repo/fed-staff-float-plan-to-end-term-repo-after-april-minutes-show-idUSKBN20D2R4

Goldman Sees High Risk of Stock Market Correction on Virus Complacency – BNN Bloomberg

www.bnnbloomberg.ca/goldman-sees-high-risk-of-stock-market-correction-on-virus-complacency-1.1393005

Cass Transportation Index Report | January 2020 | Cass Information Systems

www.cassinfo.com/freight-audit-payment/cass-transportation-indexes/january-2020

Dana Lyons’ Tumblr — Options Traders Showing No Fear

jlfmi.tumblr.com/post/190915821030/options-traders-showing-no-fear

9c745391055ffe2727613e86b3ae7d281f68f48e.jpg (500×330)

66.media.tumblr.com/dac7133537c65d974787f2e50daeeb26/150a1e7c7767f33c-1c/s500x750/9c745391055ffe2727613e86b3ae7d281f68f48e.jpg

2020-02-20_6-21-11.jpg (1015×381)

www.zerohedge.com/s3/files/inline-images/2020-02-20_6-21-11.jpg?itok=GsHTHjTs

America’s manufacturing recession looks like it could be over

www.cnbc.com/2020/02/20/americas-manufacturing-recession-looks-like-it-could-be-over.html

Fed Vice Chair Clarida throws cold water on traders pricing in a rate cut

www.cnbc.com/2020/02/20/clarida-on-squawk-.html

stocks outperforming market.png (482×294)

www.zerohedge.com/s3/files/inline-images/stocks%20outperforming%20market.png?itok=xxgNKUWm

spx concentraion MS.png (480×288)

www.zerohedge.com/s3/files/inline-images/spx%20concentraion%20MS.png?itok=XTOjQP2G

option investors MS.jpg (1017×630)

www.zerohedge.com/s3/files/inline-images/option%20investors%20MS.jpg?itok=a47WhSpC

Virgin Galactic stock SPCE overdue for correction after rally: Morgan Stanley

www.cnbc.com/2020/02/20/virgin-galactic-stock-spce-overdue-for-correction-after-rally-morgan-stanley.html

Virgin Galactic volatile trading as space tourism stock SPCE tops $40

www.cnbc.com/2020/02/20/virgin-galactic-shares-jump-as-space-tourism-stock-spce-tops-40.html

Gold surges to 7-year high as investors seek safety trade

www.cnbc.com/2020/02/20/gold-surges-to-7-year-high-as-investors-seek-safety-trade.html

IMF says Argentine debt ‘unsustainable,’ calls on bondholders to help resolve crisis | Financial Post

business.financialpost.com/pmn/business-pmn/imf-says-argentine-debt-unsustainable-calls-on-bondholders-to-help-resolve-crisis

 

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