China accounts for almost 20% of global GDP and population, but its equity market only accounts for 5% of global equity market cap.— Alf (@MacroAlf) March 30, 2022
But as great investor and friend would say:
''Alf, how comfortable would you be sitting in a Chinese court of law against a Chinese company?'' pic.twitter.com/cesvCtksmW
Spanish inflation through the roof at 9.8%— AndreasStenoLarsen (@AndreasSteno) March 30, 2022
ECB reaction: AAAAAAAAAAAH! 😱 pic.twitter.com/b07svZtk6X
Do or die time for the Bulls? The rally since the Febr. 24 low can technically still be counted as only three waves up (green 1/a, 2/b, 3/c) on the $SPX, but based on market internals, chart technicals, etc. it must be considered as an alternative #Elliottwave count. #SPX #SPX500 pic.twitter.com/IH18SUwSni— Intelligent Investing, LLC. (@intell_invest) March 30, 2022
VIX fact-check: (1) tdy, VIX closed at 18.91; not an eye-popping number; however, RSI(9) of VIX closed at 23.47--an extremely LOW reading. (2) how extreme? You have to go back to Jan. 6, 2009 to find a lower one. (3) though VIX may hit lower low later, but RSI should've bottomed.
"Mother Crash": (1) on Dec. 27, last year, I sent out this tweet, warning a "sharpest" selloff since 3/23/20 is coming. (2) on Jan. 11, after close, I sent out the official alert. (3) OK, that is the "mini-crash"; Now, his mother is warming up. Will let you know one week ahead.
Just to put things into perspective: The last time #inflation was 7.3% in Germany – in Nov 1981 – the Bundesbank key interest rate was 11.4%. Today, #ECB's main rate remains pegged at 0%. pic.twitter.com/s1zQMxtmov— Holger Zschaepitz (@Schuldensuehner) March 30, 2022
Bulls, so far you have avoided wholesale decimation. Many of your cohort were sacrificed to the Ponzi market.— Mac10 (@SuburbanDrone) March 30, 2022
You have extreme survivor bias.
Below, note what happened last year when the Nasdaq became this overbought. Nasdaq down volume hit a record.
Buckle up. pic.twitter.com/a8DbeFyfRF