1/ the global synchronised slowdown that should be associated with a global trade contraction (YoY) soon
2/ the likely earnings recession in U.S. (and 🇪🇺)
A buyback gauge widened its lead 11 times in the first 12 trading days after the NYT published a call for limits on stock buybacks by Chuck Schumer and Bernie Sanders
*The proportion of S&P 500 stocks above their 50-day moving average remains above 92%.
*The equity benchmark’s 14-day RSI remains in overbought territory.