Japanese markets were up and to the right for a LOOOONG time. Starting in the mid-80s, Japan saw an asset price spiral upwards. MOF pushed banks to tighten loans on real estate in 1987. Cabinet made "Comprehensive Measures Related to Land" in 1988. Govt put out the Basic Act for
What i would really like to see to advance this bear market is for $AAPL to take out the June lows. That would get us to a good tradable low faster than anything else.
My worst case scenario for the $SPX using the DeMark Absolute Retracement indicator is just below 3000. Maybe not straight down from here if you look at my previous tweet looking at previous bear markets
NASDAQ 100 has undercut September 30th low and max drawdown is now worst since bear market during Global Financial Crisis … prior two bear markets (2018 and 2020) were much shorter-lived
[Past performance is no guarantee of future results]
.@BankOfEngland again forced to respond to concerns about financial stability.
Expansion of its intervention seeks to contain both direct and cascading fire sales as yields remain pressured by not just worries about the government's unfunded tax cuts but also terrible technicals.
There is a puzzle in trying to figure out. Many people say that growth tech can’t grow without low rates but I look across at India with 7.5% rates and growth tech is growing like crazy and with high valuations. 4% US rates is hardly a hurdle for a fast growing sector…
UK Rates - Trillions of Dollars derivatives - are tied to US - UK government bonds. Beware of central bankers who have NEVER actually sat in a risk-taking seat - but sitting on trillions of dollars of risk assets.
I think this market is actually starting to cause real fear in the minds of investors. The most difficult part about the bulls defending the lows is that there’s been no capitulation. I think we are now close to getting capitulation type moves in the coming days/weeks.
The Bank of England's ''temporary'' operations to support the bond market are quickly coming to an end.
UK 5y real yields just jumped by ~50 bps in a single day.
This is the biggest daily move in 10+ years - such a volatile bond market was last seen during the GFC.
the next time California is shocked, SHOCKED that its gas prices are at record highs, it should read Valero's explanation why "if you go woke, you will pay double at the pump"
EDF never fails to disappoint. A good reminder that current energy crisis has a structural under-investment aspect to it - EU’s own making and a result of moronic policies some country’s like Germany are doubling down on
Who has grown especially strongly in 2022? Who has gotten battered? Assume zero GDP growth in H2 2022 and then calculate annual average growth. This shows who is doing well and who isn't. Highest growth: Saudi Arabia (SA) with +9.8%. Weakest growth: Ukraine (UA) with -32.8%...
@finchartbot@zerohedge @RobinBrooksIIF @Schuldensuehner@NorthstarCharts@michaeljburry Tax loss harvesting by long only funds is a classic flow that can influence markets. However tax losses are only useful to offset taxable gains. I see very little pressure on funds to offset taxable gains. Tax loss harvesting is strongest in a bull market not a bear