Worst riots since ‘68
Worst economy since 1930s
Worst pandemic since 1918
And Mr. market thinks all is well.
— Michael Lebowitz, CFA (@michaellebowitz) May 30, 2020
That's like a civil war now… 40Ms unemployed, soon 50-60Ms … ?? When downturn begins it's just a spiral. I'm not judging it, if people don't have money they have nothing to lose. Wall Street and FED took their last pair of socks even. t.co/kfKXpVT3bY
— GregTheAnalyst (@Analyst_G) May 31, 2020
How fucked up is 2020 so far – on nearly every level?
— Dougie Kass (@DougKass) May 30, 2020
how can the economy have a V-shaped recovery if social unrest is unfolding in major US cities? monetary policy cannot stimulate demand among consumers when riots happen HK found that out last year
— Alastair Williamson (@StockBoardAsset) May 30, 2020
#coronavirus #CoronavirusUSA #SARSCoV2 #COVID19 #Covid19usa
And this is before the streets of every major city were packed with protestors… 👇 t.co/7dagP3bIGm
— Invariant Perspective (@InvariantPersp1) May 30, 2020
Fund that called the last two crashes starts to short global stock markets t.co/nfvr7h0wgp
— M/I_Investments (@MI_Investments) May 30, 2020
The apostles of “value investing” have called the top of the Covid-19 equity rally.
The closely watched GMO fund has been liquidating its holdings on US and European stock markets and buying hedges at a breakneck pace over recent days, warning clients that the explosive surge in prices since late March has decoupled from fundamentals and is becoming treacherous. “The huge reversal does not make any sense,” it said.
The group’s main fund has turned short, taking large negative positions on equity indexes through futures contracts. “It is going to be very difficult to come out of this pandemic unscathed. We have a pretty strong view that with so much extreme uncertainty, equities should be cheap. Quite simply they are not,” said Tommy Garvey, GMO’s asset strategist….
#recession … US #Consumer #Spending edition
No sign of a V-shaped recovery or any other type of recovery yet… looks like letter "L" laughs last! t.co/T1ILEY0PUS
— Invariant Perspective (@InvariantPersp1) May 30, 2020
U.S. Stocks Expensive Any Way You Cut It, Says Oxford Economics t.co/6wmZccwEFV pic.twitter.com/fzVANgsmp4
— Jesse Felder (@jessefelder) May 29, 2020
My wife and I both have good jobs but my confidence in the future economy is very low. We are eliminating all unnecessary spending in our budgets.
— David Pat (@Patfactorx) May 30, 2020
Pandemic may reverse human development for first time in 30 years, UN says t.co/SdFPgGGq0J #Coronavirus #InternationalDevelopment pic.twitter.com/tZY5wlijWV
— World Economic Forum (@wef) May 30, 2020
My favorite picture..
The economy is so bullish for 6 stocks.. pic.twitter.com/tNotDHThxI
— Alessio Urban (@AlessioUrban) May 30, 2020
twitter.com/xtrends/status/1266818233388204032
CITIES BRACE FOR INCREASING UNREST
SPIRALING OUT OF CONTROL
Alright. I’m going to short the market. More structural societal issues going on. Bad for enterprise
Alright. I’m going to short the market. More structural societal issues going on. Bad for enterprise t.co/BbhVaMLHfB
— hks55 (@hks55) May 31, 2020