Animal Spirits: Peak Pessimism - The Irrelevant Investor
Right this moment’s Animal Spirits is dropped at you by YCharts:
See right here for YCharts’ newest analysis on the true impression of mega-cap shares in your portfolio.
On immediately’s present we focus on:
Future Proof Competition:
Pay attention right here:
40% of shares within the S&P 500 are at a 52-week low.
— Michael Batnick (@michaelbatnick) June 17, 2022
Greater than 90% of shares within the S&P 500 declined immediately.
It is the fifth time up to now 7 days.
Since 1928, there have been precisely 0 precedents. That is essentially the most overwhelming show of promoting in historical past.
— Jason Goepfert (@jasongoepfert) June 16, 2022
54% of S&P 500 shares are again under their pre-Covid highs despite the fact that the index itself continues to be 7.5% above its pre-Covid excessive. https://t.co/H4p1RcpfIn pic.twitter.com/lyDOmH976G
— Bespoke (@bespokeinvest) June 19, 2022
— Bespoke (@bespokeinvest) June 16, 2022
This has been the 2nd worst interval for conventional “60/40” portfolios (60% shares, 40% bonds) for the reason that Nineteen Seventies. Solely the worst stretches of the Monetary Disaster had been worse. https://t.co/H4p1RcpfIn pic.twitter.com/2QKcZcw6Uv
— Bespoke (@bespokeinvest) June 18, 2022
PSA: We're not in a recession, not shut to 1. A mean of 488,000 jobs — a particularly excessive quantity — has been added every month this yr. Jobs contract in a recession. We're nonetheless in a increase. Within the 2020 recession, 22 million jobs had been misplaced.
— Steve Matthews (@SteveMatthews12) June 15, 2022
Not less than 14,000 home flights had been canceled or delayed in the USA this vacation weekend, leaving hundreds of passengers stranded partly due to staffing points for airways within the air and on the bottom. https://t.co/7WpfNVXDCn
— CBS Information (@CBSNews) June 20, 2022
*KROGER SAYS TYPICAL BASKET SIZE CONTINUES TO DECLINE
*KROGER SAYS CUSTOMERS `AGGRESSIVELY' SWAPPING TO STORE BRANDS$KR
— *Walter Bloomberg (@DeItaone) June 16, 2022
Patrons are slowing the bidding wars every week, however nonetheless shopping for extra aggressively than I might have guessed.
22.7% of the brand new listings went into contract instantly this week.
— Mike Simonsen 🐉 (@mikesimonsen) June 20, 2022
$BTC homeowners: Every part you're feeling proper now…
is in right here. pic.twitter.com/TRvGL42ML8
— James Lavish (@jameslavish) June 14, 2022
"I do really feel like we've got a accountability to noticeably think about stepping in, even whether it is at a loss to ourselves, to stem contagion," he stated. "Even when we weren't those who triggered it, or weren't concerned in it. I feel that is what's wholesome for the ecosystem…"
— SBF (@SBF_FTX) June 19, 2022
1) Right this moment we’re injecting $250m into BlockFi and partnering with them to allow them to navigate the market from a place of energy.https://t.co/nocsdi0GLF
— SBF (@SBF_FTX) June 21, 2022
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